03 October, 2024
Translink Corporate Finance teams in Poland and Italy advised Kotniz (Białystok, Poland) – a leading European producer of stainless steel and aluminum components for sailing boats, motor yachts, and mega-yachts – on the acquisition of a majority stake in Metalstyle, a company based in Carasco (Genoa, Italy), active in providing stainless steel and aluminum solutions for the nautical sector.
This strategically significant acquisition will foster close collaboration between Kotniz and Metalstyle, two privately owned companies with a long- standing presence in the marine sector. By sharing experience and best practices, they will expand their product offerings and customer base.
To ensure business continuity, the current management, led by Luca Biagi, Commercial & General Manager, will be retained. In recent years, Biagi has enabled Metalstyle to carve out an important role as a partner of major players in the shipbuilding industry.
Through this transaction, Kotniz’ objective is to leverage substantial growth prospects by extending production and customer reach into Western Europe. At the same time, Kotniz intends to capitalise on Metalstyle’s established relationships, expertise, and know-how in catering to the Italian market.
Having analysed the notable achievements and strategic market position of Metalstyle, Kotniz is confident in the substantial value and potential synergies that joint partnership could unlock.
Sebastian Nietupski, CEO and owner of Kotniz, said, “Finalising this transaction and entering the Italian market is a key milestone in Kotniz’s growth strategy, establishing the “Golden Marine Triangle” (Poland, Portugal, Italy). The partnership unlocks significant growth potential, operational synergies, and a strong European presence. I deeply value the professionalism and commitment of the Translink team, who expertly guided the process from identifying targets to the smooth execution of the transaction and the securing of favourable financing. What I appreciated most was the collaboration between the Italian and Polish teams, which was crucial in navigating cultural and business differences.”
This merger creates a group with a total revenue of €33 million, 475 employees, and five state of the art plants across Europe, covering an area of over 17.5 thousand square meters and producing over 200,000 products annually. The strategic goal is to reach total revenue of €50 million in five years, establishing a stable platform for future development and a solid network of suppliers spread across the region.
Maciej Cieślak, Managing Partner at Translink Poland, said, “I am very pleased that after eight months of intense and trustworthy collaboration, we successfully guided Kotniz in acquiring Metalstyle. This strategic acquisition will foster close cooperation between these two long-established, privately-owned marine industry leaders. The transaction reaffirms our capability to support family businesses in international expansion through high-value acquisitions, achieved through full mutual trust, commitment, and the owners’ courageous decision to reach this significant milestone.”
“At Translink, we prioritise win-win deals. This transaction not only opens up significant growth opportunities for both companies, but also strengthens the joint Group’s ability to navigate current macroeconomic challenges. With strong growth in the European marine sector over the past two years, and potential future market volatility, this collaboration will help build a more stable and resilient Group. The Italian market, with its rich tradition and local expertise, is becoming an increasingly attractive option for foreign investors,” Matteo Paggi, Managing Partner at Translink Italy, added.
Contact our Team Members advising in this transaction:
Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
Located in one of Central and Eastern Europe’s fastest growing financial centres, Warsaw, Holon-Translink has spent nearly 25 years using its thorough and deep knowledge of local realities to ensure our clients’ success. Given the region’s tremendous business potential, we have spent the past two decades positioning ourselves as a leader in buy and sell side transactions.
With extensive experience in the manufacturing, food processing, retail, healthcare, ITC, logistics, and speciality services sectors, our senior team has built a strong brand and lasting business relationships by managing dozens of SME mandates.
Our location also makes us an excellent base for building market presence in other Central and Southern European markets. As such we also assist clients looking to enter those markets through our affiliated local associates in M&A projects in Baltic Republics, Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Croatia and Slovenia.
Translink Italy provides advisory services for Corporate Finance transactions (M&A, debt, fundraising, strategic consulting and IPOs) thanks to a team that has gained articulated and multidisciplinary experience in some of the most important national and international realities, in the sectors of industry, Corporate/Investment Banking and corporate consulting.