Peterlini, based near Parma and operating in heavy machinery transportation since 1967, has joined the Bracchi group. Bracchi is one of the leading European operators in the high added-value logistics and transport sector, including special transport, with a particular focus on the elevators, agricultural machines, cosmetics, fashion and beverages segments. Bracchi operates not only in Italy but also through 3 hubs in Poland, Germany and Slovakia and employs around 600 people. The company, in the portfolio of the fund IGI Investimenti Cinque, saw a turnover of nearly € 140 million in 2019 and this latest acquisition forms part of the growth path to become a major European player in logistics and transport. Peterlini was sold by the brothers Cristian and Enrico Mavilla, who will continue to manage the business line within the Bracchi group, as well as Nerella Peterlini.
“The IGI fund invested in Bracchi convinced of the strategic value of its operations” said Matteo Cirla, Chairman of Bracchi and Managing Partner of IGI Private Equity. “The growth of the company even during the pandemic is proof of this. With Peterlini we will continue to build a major logistics and transport hub to create a leader not only in Italy but also abroad.”
Lorenzo Annoni, CEO of Bracchi declared “I’m very pleased to welcome Cristian and Enrico Mavilla into the Bracchi family; they will continue to direct the heavy loads division and their experience will enrich the know-how and expertise of the group.”
Nerella Peterlini, Cristian and Enrico Mavilla, stated “We are proud to be here at this historical and significant moment and thank everyone for the respect and trust shown. This step represents the continuation and expansion of a project founded on the passion of its founders Fabio Mavilla and Nerella Peterlini.”
Bracchi was assisted by: Mazar for the financial and fiscal due diligence, Pavia e Ansaldo for the legal due diligence and legal assistance and PwC as debt advisor.
The sellers were assisted by: Cross Border as financial advisors, Fabrizio Ferri of the law firm Carra Lori Ferri for legal assistance, Studio Costa for fiscal and accounting assistance.