Bavarian private equity firm Auctus Capital Partners signed the closing of the acquisition of Italy’s Italpresse Industrie and its subsidiaries (with Gauss Automazione among them).
Founded in Northern Italy (Brescia) in 1969, Italpresse produces high pressure hydraulic machines and automatic work cells for die casting process of light alloys. The company operates worldwide with over 3500 installations and references. The manufacturing facilities of Capriano del Colle (Brescia) covers an area of 20,000 square metres and employees 200 people. The company reached 72 million euros in revenues last year and other 15 millions were reached by Gauss Automazione (founded in 1967, it is specialised in supplying work cells for gravity casting, mainly for the automotive industry).
The deal, has been supported by a syndacated loan by Ubi Banca, GE Capital Interbanca and Unicredit banks which has been issued to Light Metal Casting Equipment a newco 100% controlled by Auctus.
Legal advisor to the banks was Pedersoli e Associati law firm, while Auctus was advised by David Raifer law firm. The sellers have been instead supported by Pirola Pennuto Zei & Associati.
Auctus Capital ha già investito nel settore: nel febbraio 2013 aveva comprato la StrikoWestofen di Gummersbach, in Renania.
