June 29, 2022
Translink in Italy advised Industrial Finishing Plants (IFP) Europe in the sale of a 70% stake to a pool of industrial investors led by B.group, an investment company owned by the Seragnoli family.
B.group, together with a pool of Italian entrepreneurs, including Franco Stefani (System Group), Giancarlo De Martis (formerly Coesia), Gianluca Vitali (formerly Carpigiani), and Giovanni Domenichini (formerly Inver), acquired 70% of IFP Europe s.r.l (“IFP Europe”), a company based in Galliera Veneta (PD), specializing in the design and production of machinery for washing metal objects.
IFP Europe is among the top 3 manufacturers, globally, of modified alcohol vacuum washing machines for metals. Thanks to the innovative solutions used, attention to environmental sustainability and a typically Italian design, IFP Europe has managed in just a few years to surpass the main players in the sector and establish itself as a reference company both in Italy, where it has a market share of more than 65%, and abroad.
“We are excited about this transaction, which represents a further milestone in IFP’s growth strategy in foreign markets, with a particular focus on Europe and North America. We thank Translink for their work and support at all stages of the negotiations,” said IFP Europe partners.
“We were particularly attracted by the technological content of the facilities, the propensity for product innovation, and IFP’s focus on environmental sustainability. These are all themes that are part of B.group’s culture. We are convinced that we can contribute to making IFP an international group while respecting the company’s cultural identity,” said Dr. Orio Pontiggia, CEO of B.group.
The goal is to accelerate IFP’s growth process by leveraging new patents, developed in collaboration with Italian University Institutes, and a brand that is recognized as synonymous with quality and customer service in line with the best industry standards.
Following the transaction, partners Giacomo Sabbadin and Fabio Pontarolo, with a combined 30 percent stake in the company, will continue to manage the company supported by the new partners.
Contact our Team Members advising in this transaction:
Translink Strempel & Co. is a member of Translink Corporate Finance group and is based in Italy. Composed of seasoned finance professionals with extensive experience in a variety of sectors and disciplines, the team works with some of the most important players both nationally and internationally in industry, finance, and management consulting.