Secondary Buyout • Machinery

21 Invest Acquires TRIME

On November 16, 2022, private equity firm 21 Invest acquired machinery company TRIME from Wise Equity

Acquisition Context
  • This is 21 Invest’s 4th transaction in the Machinery sector.
  • This is 21 Invest’s 29th transaction in Italy.

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M&A Deal Summary

Date November 16, 2022
Target TRIME
Sector Machinery
Buyer(s) 21 Invest
Sellers(s) Wise Equity
Deal Type Secondary Buyout

Target Company

TRIME

Milan, Italy
TRIME is a provider in the design and production of lighting towers for the rental market. TRIME premises cover an area of 20000 sqm. Design, metalwork, powder coating, mechanical and electric assembly and final testing are done here. TRIME is based in Milan, Italy.
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Buyer Overview 1

Buyer

21 Invest

Treviso, Italy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

21 Invest is a private equity firm that targets investments in growth-oriented, middle-market Italian, French, and Polish companies operating in a variety of industries. The Firm invests in French businesses through 21 Centrale Partners, Italian companies through 21 Partners SGR, and Polish companies through 21 Concordia. The Firm targets transactions requiring at least €10 million of capital typically in the form of development capital for growth companies, buyout capital for managers, or replacement capital for companies facing succession issues or needing shareholder liquidity. 21 Invest was founded in 1992 and is based in Treviso, Italy.


Deal Context for Buyer #
Overall 86 of 89
Sector: Machinery 4 of 4
Type: Secondary Buyout 13 of 13
Country: Italy 29 of 30
Year: 2022 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 VGL Group

Gdynia, Poland

VGL Group is a logistics operator that provides supply chain management solutions continually develops its competence and supports its partners in transport, customs clearance, and warehousing. VGL Group was founded in 2000 and is based in Gdynia, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-21 Agorastore

Montreuil, France

Agorastore is a BtoB platform for digital auctions enabling public institutions and corporates to sell used equipment and real estate assets. The company offers a comprehensive range of solutions covering the full-cycle of a competitive online auction, from asset pricing to audience targeting, digital auctioning and after-auction services. Agorastore was founded in 2005 and is based in Montreuil, France.

Buy -

Seller Profile 1

SELLER

Wise Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Wise SGR is a private equity investment firm that seeks middle-market buyout and growth capital investments primarily in Italy. Wise looks to invest €5 to €25 million in companies valued up to €75 million. Wise is a generlist investor and will consider opportunities in a variety of sectors, however the Firm has a preference for companies operating in capital equipment, manufacturing, and services. Wise SGR was formed in 2000 and is based in Milan.


Deal Context for Seller #
Overall 17 of 23
Sector: Machinery 1 of 2
Type: Secondary Buyout 7 of 9
Country: Italy 17 of 23
Year: 2022 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Almac

Viadana, Italy

Almac is a designer and manufacturer of advanced tracked aerial platforms and material‑handling equipment, including scissor lifts, telescopic boom lifts, and crawler carriers. Almac was formed in 2013 and is headquartered in Viadana, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-12 Vittoria

Brembate, Italy

Vittoria is a manufacturer of bicycle tires, both for road and mountain bikes. The brand offers a wide range of premium road, off-road, gravel, and urban tires as well as accessories, all engineered to deliver superior performance and durability. Vittoria was founded in 1953 and is based in Brembate, Italy.

Sell -

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