Arcadia Small Cap fund managed by Italy’s private equity operator Arcadia sgr acquired H-old spa, a leading supplier of adhesive tapes specialities for the service of the industry, especially for electromechanical, automotive, shipping and building sectors, MF-Milano Finanza, writes today.
The founder family d’Aprile will sell all its interests in the company’s shareholders capital and will leave all management positions. Arcadia sgr has already appointed Marco Toscano as new ceo of the company and Francesco De Giglio (former managing partner of Advent International in Italy) as new operative chairman. Both Toscano and De Giglio will have a minority interest in the company’s capital,
Headquartered in Biandrate (Novara), H-old reache 21 million euros in revenues last year (of which 80% from exports) with a 15% ebitda margin.
Arcadia sgr has been advised on legal issues by NCTM law firm and on fiscal issues by dallo Studio CBA. Sellers were advised by Banca Imi, R&P Legal, and Studio TDL.
Founded by Guido Belli and Simone Arnaboldi (both former partners of Bridgepoint in Italy), Arcadia sgr is now at its third investment after the one in eyewear retail chain Vision Group (see here a previuos post by BeBeez) and in high resistence bolts producer Vsp Bulloneria (see here a previous post by BeBeez).
