German private equity firm Auctus Capital Partners has acquired the majority of Profiltubi, an Italian company that has been producing electro-welded steel pipes of multiple shapes and sizes for over 40 years. The Alfieri family sold.
The transaction was financed by Mps Capital Services and Banco Bpm, with the latter also acting as agent bank. The German fund was assisted by Nctm law firm. The sellers were followed by the international law firm Gianni Origoni Grippo Cappelli & Partners. Banca Akros acted as financial advisor. Chiomenti supported the lending banks (see the press release here).
For 40 years Profiltubi has been producing electro-welded steel pipes with HF system, of multiple shapes and sizes. The company has expanded the range of products offered thanks to the Steel Service division, which since 1994 has been selling merchant beams and laminates throughout Europe. Currently the two realities united in a single brand, Profiltubi, represent one of the important voices in the national and European steel panorama. The Profiltubi group is located in Reggiolo (Reggio Emilia). The production plant covers an area of over 130,000 square meters of which 55,000 are covered. The company generated revenues of over 100 million euros in 2019. Auctus aims to strengthen the presence of Profiltubi on all markets, expanding the range of products through new investments and improving the efficiency of existing plants.
Last June Oleodinamica Marchesini, a portfolio company of the subsidiary of Auctus Capital Partner, a Brescia-based company that manufactures hydraulic valves for agricultural and earthmoving machinery, acquired Naldoni and Biondi, a manufacturer of components for hydraulic cylinders (see here a previous article by BeBeez).
Auctus Capital Partners, born in 2001 and based in Monaco, focuses on companies operating in fragmented sectors with strong market positions and growth potential. It generally aims to invest in companies with a value between 10 and 100 million euros and a turnover between 10 and 150 million euros. Areas of interest include healthcare, the automotive sector, fine / pharmaceutical chemistry, IT / software, education and business services. In 2015, Italy also invested in Italpresse, a manufacturer of die-casting machines for the automotive industry in Brescia (see here a previous article by BeBeez).