M&A Deal Summary

Abénex Acquires Zato

On October 7, 2025, private equity firm Abénex acquired machinery company Zato from LBO France

Acquisition Highlights
  • This is Abénex’s 1st transaction in the Machinery sector.
  • This is Abénex’s 2nd transaction in Italy.

M&A Deal Summary

Date 2025-10-07
Target Zato
Sector Machinery
Buyer(s) Abénex
Sellers(s) LBO France
Deal Type Secondary Buyout

Target

Zato

Prevalle, Italy
Zato specializes in the engineering and production (with mainly design and assembly activities) of grinding and crushing machines for the recycling and sorting of ferrous and non-ferrous metals. Zato was founded in 1999 and is based in Prevalle, Italy.

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Buyer(S) 1

Buyer

Abénex

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Abénex Capital SA is a French private equity firm focuses on acquiring mid-market companies throughout France. The Firm seeks to hold both majority and minority equity interest in companies along with the management teams. Specific areas of interest include consumer productsinterests, business services, industry and healthcare sector. The Firm will consider variety of transaction includes MBOs, MBIs, and LBO. Abénex, Capital SA was formerly known as ABN Amro Capital France and became independent of ABN Amro in 2008. Abénex Capital SA is based in Paris.


DEAL STATS #
Overall 51 of 51
Sector: Machinery M&A 1 of 1
Type: Secondary Buyout M&A Deals 10 of 10
Country: Italy M&A 2 of 2
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-22 Groupe Leader Insurance

Épône, France

Groupe Leader Insurance is a broker specialized in construction insurance, offering a range of insurance products such as decennial liability (RCD), structural damages (DO) and property and casualty insurance (IARD). The Group distributes its products via two complementary channels. Groupe Leader Insurance was founded in 2003 and is based in Épône, France.

Sell -

Seller(S) 1

SELLER

LBO France

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1985
PE ASSETS 5.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

LBO France is an independent private equity group focused on acquiring majority stakes in French firms, or companies with French management. LBO France manages several funds, each targeting different types of businesses. The Firm's mid-market fund looks to acquire majority or minority stakes in companies valued from €100 million to €2.5 billion. The mid-market fund generally looks at companies with predictable sales, profits and cash flow, but will also consider businesses with under-utilized assets. LBO France's small cap fund targets majority stakes in smaller, profitable businesses valued from €10 to €100 million, with strong potential for growth or consolidation. In addition to its equity funds, LBO France also invests in real estate and provides LBO loans issued by medium-sized European companies (enterprise value between €150m and €2bn). LBO France was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 59 of 59
Sector: Machinery M&A 4 of 4
Type: Secondary Buyout M&A Deals 34 of 34
Country: Italy M&A 2 of 2
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-07 Serapid

Martin Eglise, France

Serapid specializes in the vertical and horizontal movement of loads for industry, quick die change and stage engineering. Serapid was founded in 1972 and is based in Martin Eglise, France.

Sell -