Paneuropean private equity operator Ardian will buy the whole capital of Italy’s AMP Group from Italian private equity firm Star Capital sgr. The management, led by ceo Giovanni de Zio, will reinvest a 5% stake in the company (see here the press release).
Headquartered in Albavilla (Como), AMP Group manufactures and sells car window regulators, mainly for the aftermarket sector. Born in 2012 from integration between Algo and Miraglio companies, the group is today the European leader in the development, manufacturing and supply of car window regulators for both the independent after-market (ca. 75% of AMP sales) and the specialty OEM channel (original equipment manufacturer, ca. 25% of the Group sales).
The group, which currently employs 256 people, operates six manufacturing plants in Italy and Poland and a small facility in Argentina. 65% of AMP’s sales are generated abroad, mainly in France, Spain and the Netherlands.è oggi leader nel settore, con 256 dipendenti, opera con sei stabilimenti produttivi in Italia, in Polonia e in Argentina e produce all’estero il 65% del fatturato (in particolare in Francia, Spagna e Olanda).
Star Capital invested in Algo in December 2010 through its Star Bridge Social Responsible Fund and Algo bought Miraglio in 2012. Star Capital is advised for the deal by William Blair International and Accinni, Cartolano e Associati law firm, while Ardian is spported by Gattai, Minoli, Agostinelli, Partners law firm.
