M&A Deal Summary

Alcedo SGR Acquires Duplomatic

On March 14, 2017, growth capital firm Alcedo SGR acquired machinery company Duplomatic from Progressio SGR for 27M EUR

Acquisition Highlights
  • This is Alcedo SGR’s 5th transaction in the Machinery sector.
  • This is Alcedo SGR’s largest (disclosed) transaction.
  • This is Alcedo SGR’s 25th transaction in Italy.
Investment Fate
  • Duplomatic was sold to a publicly-traded strategic buyer in 2022 for 220M EUR.

M&A Deal Summary

Date 2017-03-14
Target Duplomatic
Sector Machinery
Buyer(s) Alcedo SGR
Sellers(s) Progressio SGR
Deal Type Secondary Buyout
Deal Value 27M EUR

Target

Duplomatic

Parabiago, Italy
Duplomatic is a producer of hydraulic valves, pumps, and oil-pressure activated systems which are mainly utilised in industrial applications for industries such as energy, machine tools, construction machineries, rubber and wood industry as well as naval and agricultural industry. Duplomatic was established in 1952 and is based in Parabiago, Italy.

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Buyer(S) 1

Buyer

Alcedo SGR

Treviso, Italy

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2000
PE ASSETS 279M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcedo is a private equity group focused on providing growth capital to mid-sized companies in Northern Italy. Alcedo generally targets profitable businesses with strong growth potential, established market positions, and operating in defensible markets. The Firm's target investment size is €5 to €25 million in businesses valued up €120 million. Alcedo will consider opportunities in a variety of sectors, with a preference for businesses producing luxury, design or branded goods. Alcedo was formed in 2000 and is based in Treviso.


DEAL STATS #
Overall 25 of 33
Sector (Machinery) 5 of 7
Type (Secondary Buyout) 3 of 3
Country (Italy) 25 of 33
Year (2017) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 Alpha Test

Milan, Italy

Alpha Test is a provider of university admission and other test preparation services. With a catalog, that includes more than 600 titles, 100 new editions per year, and 50,000 hours of lessons in 41 cities across Italy, Alpha Test is the Italian provider of preparation services for university admission and other tests for the academic and professional fields. The company is the only fully integrated player in the education sector, offering a complete range of products and solutions for the admission to faculties with a limited entry number. Furthermore, the company has recently launched an e-learning platform and also provides orientation services. Alpha Test was formed in 1987 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 Agrimaster

Molinella (BO), Italy

Agrimaster is a designer and manufacturer of machinery and equipment for the agricultural industry. Agrimaster is based in Molinella (BO), Italy.

Buy -

Seller(S) 1

SELLER

Progressio SGR

Milan, Italy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 730M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Progressio SGR S.p.A. is an independent private equity firm focuses on acquiring small and mid-sized companies located in Italy. The Firm targets growth potential industrial and services companies. It looks to invest in businesses with revenues of €30 to €150 million. Progressio seeks to acquire majority or minority stakes in portfolio companies. Prospective transaction situation includes MBO, MBIs, and development capital. Progressio was formed in 2005 and is based in Milan.


DEAL STATS #
Overall 5 of 10
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 2 of 3
Country (Italy) 5 of 10
Year (2017) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 Italchimici

Metropolitan City, Italy

Italchimici SpA is a pharmaceutical company. Italchimici’s wide-ranging product portfolio includes, among other brands, Reuflor, Peridon, Perido Natural and Lacdigest in the gastroenterological area and Aircort and Cexidal in the respiratory area.

Sell €130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-04 Garda Plast

Polpenazze del Garda, Italy

Garda Plast is a producer of plastic material for mineral water and soft drinks bottling. The Company manufactures P.E.T preforms and bottles single-stage and two-stage for both the national and international markets. Garda Plast was established in 1996 and is based in Polpenazze del Garda, Italy.

Buy -