Sector: Test benches
Deal type: M&A
Deal value: N/D
Test Industry S.r.l. and its operating subsidiaries Leonardo and Bimal, leader in the production and distribution of test benches, have been acquired by Fondo IGI Investimenti Sei, managed by IGI Private Equity, with the support of Equilybra S.p.A. and GMN S.r.l., club deal arranged by Route Capital Partners S.r.l. and F&P4Biz S.r.l.. The founders reinvested a minority stake in the project.
Test Industry S.r.l., based in Maclodio (Brescia) and Perugia, was founded in July 2017 after the merger of Leonardo and Bimal, operating for over 30 years in the reference industry. The group is active in the production and sale of test benches for leakage, impulse, duration, explosion, functionality and dimensional control tests on industrial products serving leading companies in the automotive, industrial vehicle, oil and gas and aerospace industries. Test Industry S.r.l. has 122 employees and in 2018 registered a total turnover of over € 31 million.
IGI Private Equity is an independent Private Equity fund targeting small and medium-sized Italian companies, supporting them in defining growth strategies. Today IGI, with asset under management of over € 250 million, is typically engaged in managing majority investments.
Equilybra S.p.A., founded by Paolo Prati and Matteo Gatti is an Italian holding company focused on medium-small size companies.
Route Capital Partners S.r.l. is an independent Private Equity company, promoted by Marco Ferrara, Giuseppe Altieri and Nicola Carminucci, which supports the growth of Italian SMEs with a high competitive advantage in their respective industries and a natural vocation to internationalization.
F&P4Biz S.r.l., founded by Guglielmo Fiocchi and Maurizio Perroni, is a company operating in the Private Equity market (through club agreements and/or co-investments with other Private Equity operators) and in industrial and financial consulting. It supports entrepreneurs on issues relating to industrial and financial areas of their companies.