M&A Deal Summary

Progressio SGR Acquires Officine S. Giacomo

On May 21, 2024, private equity firm Progressio SGR acquired machinery company Officine S. Giacomo

Acquisition Highlights
  • This is Progressio SGR’s 3rd transaction in the Machinery sector.
  • This is Progressio SGR’s 23rd transaction in Italy.

M&A Deal Summary

Date 2024-05-21
Target Officine S. Giacomo
Sector Machinery
Buyer(s) Progressio SGR
Deal Type Buyout (LBO, MBO, MBI)

Target

Officine S. Giacomo

Vittorio Veneto, Italy
Officine S. Giacomo is a developer and producer of small and medium-sized mechanical presses, suitable for versatile uses in a broad spectrum of applications, including electronics, pharma, consumer goods and e-mobility. Throughout its history, the Company has produced presses distributed in Italy, Europe and North America, with exports accounting for half of total turnover. Officine S. Giacomo is based in Vittorio Veneto, Italy.

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Buyer(S) 1

Buyer

Progressio SGR

Milan, Italy

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 23 of 23
Sector (Machinery) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 16 of 16
Country (Italy) 23 of 23
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 Archiva Group

Verona, Italy

Archiva Group provides digital consultancy, services and technologies to medium-sized, large and multinational companies. Archiva Group is organized into practices specialized in: Admistration & Finance, Procurement, HR & People Management, Legal and ICT. Archiva Group is based in Verona, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-27 Gelit

Doganella di Ninfa, Italy

Gelit is a provider of private label frozen ready meals sold in Italy and abroad. Recognised for its ability to develop new recipes and the extensive production flexibility in its Cisterna di Latina-based plant position, Gelit is the key first-meal and crepes private-label supplier for most of the main Italian Large Scale Retailers. Gelit was established in 1977 and is based in Doganella di Ninfa, Italy.

Sell -