Gruppo Fabbri Vignola is a leading international manufacturer of wrapping machines and films for the fresh food packaging industry.
The company is present in over 70 countries, with over 500 employees, has 3 production sites in Italy and Switzerland as well as 5 commercial branches in Italy, France, Germany, the UK and Switzerland.

Origination
IGI’s long-term relationship with the company’s entrepreneur.

Transaction Structure
The fund IGI Investimenti Quattro structured the acquisition together with two industrial partners to acquire the entire business from the Fabbri family.

Investment Rationale
Leading market position in Europe in the production and marketing of machines and film for fresh food packaging.
Market supported by long-term trend of fresh food consumption increase.
High potential from strengthening the management team.
New product development through R&D of modified atmosphere packaging technology.
Industrial footprint optimization.

Value Creation Strategy
Appointment of a new CEO, CFO and all first line managers, including Sales, HR, Operations, R&D, Branches.
Supporting production capacity increase with new PVC extruders lines, printing machines and upgrading of the Vignola plant.
Optimization of the production plants. Upgrading of the internal reporting system to IGI standards.
Working capital management improvement and implementation of cash pooling policy.

Value Realization
In April 2014, IGI and the other shareholders sold a 51% stake to Lincolnshire Management. Final exit on October 2017 through a secondary sale to a financial sponsor.