Born from the integration of DOM and C-Blade, WeBlade is a one-of-a-kind industrial platform in Europe, qualified with all the leading global turbine OEMs. The entire management team has reinvested alongside IGI and will continue to lead the Group through its next phase of growth. LGT Capital Partners, Crédit Agricole Italia — through the Amundi Private Equity Italia fund — and BNP Paribas BNL Equity Investments supported IGI as co-investors.
IGI Private Equity, through the IGI Sustainable Transition Fund and with the support of LGT Capital Partners, Crédit Agricole Italia — via the Amundi Private Equity Italia fund — and BNP Paribas BNL Equity Investments as co-investors, is acquiring control of the WeBlade Group (the “Group” or “WeBlade”), comprising DOM S.r.l. (Invorio, near Novara) and its wholly owned subsidiary C-Blade S.p.A. (Maniago, near Pordenone), among the world’s leading manufacturers of blades for turbines used in electricity generation, from Ethica Global Investments and other shareholders. The entire management team has reinvested in the transaction alongside IGI and will continue to lead the Group, confirming the team’s strong commitment to the shared industrial project.
With over 70 years of experience, WeBlade is today one of the few players in the world to oversee the entire value chain of the turbine blade: from engineering to forging, through to precision machining and finishing. The Group was established in 2024 from the integration of DOM — a platform acquired in 2020 and specialised in the machining of blades — and C-Blade, focused on the forging and finishing of large-size blades, a segment with high barriers to entry, overseen globally by a limited number of operators with forging capabilities. This combination completed the value chain and gave rise to an industrial platform unique in the European landscape, able to cover the full size range of blades for both new installations and the aftermarket.
In recent years the Group has established itself as a qualified supplier and benchmark technical partner for all the leading global OEMs active in turbine manufacturing — including Siemens Energy, Ansaldo Energia, Doosan and GE Vernova — as well as for the major independent maintenance, repair and overhaul (MRO) operators. WeBlade holds a significant share in the most technologically complex segment of forged and machined blades, where engineering know-how, certifications and proprietary dies constitute a competitive barrier that is difficult to replicate and make the Group a strategically important supplier for the entire power generation value chain.
The Group has around 185 employees across three owned production facilities in Northern Italy and closed the 2025 financial year with consolidated revenues of approximately €41 million, up 13% on the previous year, and EBITDA of over €10 million, equal to a margin of around 25% — a marked improvement on previous years.
“WeBlade fully embodies IGI’s strategy of investing in the sustainable transition, in line with the principles of the circular economy — Reduce, Reuse, Recycle. Gas and steam turbines today generate around 40% of the world’s electricity and provide the dispatchable capacity that is essential to support the growth …

The Rivarotta (Udine)-based company, which specialises in high-efficiency heat exchange solutions, is joining Vertiv to accelerate its international growth and strengthen its production capacity and expertise. The headquarters and its 320 employees will remain in Friuli.
ThermoKey S.p.A., a Friuli-based company specialising in the development and manufacture of high-efficiency heat exchange solutions, and Vertiv (NYSE, S&P 500), a global leader in critical digital infrastructure, announce the completion of Vertiv’s acquisition of ThermoKey, strengthening the portfolio of thermal management solutions for high-density data centre and artificial intelligence applications. The deal places the technology, which originated in Friuli-Venezia Giulia, at the heart of one of today’s most strategic industries: the one that keeps the servers running on which cloud computing, artificial intelligence and computationally intensive digital services operate.
By joining Vertiv, ThermoKey gains access to a global industrial and commercial network that will enable it to accelerate the growth and development of its products. The headquarters will remain in Rivarotta, the 320 employees will stay on, and Giuseppe Visentini, who has led the company since its relaunch in 2013, will continue to manage it, ensuring continuity for customers, partners and employees.
“For ThermoKey, this transaction represents a step forward and recognition of the work carried out over the years,” says Giuseppe Visentini, CEO of ThermoKey. “Since 2013, we have built a solid path of industrial growth based on technology, production capacity and people, and with Vertiv we have found the global scale to fully capitalise on this. With Vertiv, we are taking these capabilities to a global scale, whilst remaining in Friuli. Our responsibility now is to transform this new dimension into growth opportunities for the company, for our people and for the local area.”
The transaction comes at a time of profound market transformation. The growth of artificial intelligence is driving demand for ever-higher-capacity, compact and efficient data centres. The more powerful and densely packed servers become, the more critical thermal management becomes.
“Artificial intelligence infrastructure is growing at an unprecedented rate, and thermal management is now a critical factor in increasing computing capacity and efficiency,” says Giordano Albertazzi, CEO of Vertiv. “With ThermoKey, we are strengthening our ability to offer differentiated, integrated and high-performance heat exchange solutions that help customers deploy faster, operate more efficiently and grow with confidence.”
In recent years, ThermoKey’s development has been supported by IGI Private Equity, which has helped the company to accelerate investment in research and development, expand its production capacity and strengthen its organisation. During this period, ThermoKey has developed proprietary technologies for more efficient, resilient and sustainable cooling systems, including dry coolers and high-performance heat exchangers, also designed for natural refrigerants with low environmental impact.
“In recent years, ThermoKey, thanks in part to the support of IGI Private Equity, has accelerated its investment in R&D, strengthened its organisational structure and significantly expanded its production capacity,” said Angelo Mastrandrea, Partner at IGI Private Equity and Chairman of ThermoKey. “This journey has laid the foundations for the company to establish itself as a technology partner to major international players. The …

IGI Private Equity, through its subsidiary Meter S.p.A. and with the support, amongst other co-investors, of Crédit Agricole Italia via Amundi Private Equity Italia and Banca IFIS S.p.A., as well as NEVERQUIT S.r.l., announces the acquisition of 100% of Colzani Ingranaggi S.r.l. and its subsidiaries, a group active in the design and manufacture of custom gears and transmission components for heavy industrial applications. The Colzani family, founders of the Brianza-based company, has reinvested in the transaction, ensuring management continuity and the full retention of key expertise.
The transaction forms part of IGI’s strategy focused on the sustainable transition of Italian family-owned businesses, supporting them through structured industrial pathways and the creation of solid, scalable platforms, including through targeted external growth initiatives.
Meter’s acquisition of a stake in the Colzani Group is a transaction with a strong industrial focus, forming part of a development project aimed at creating an integrated platform for custom mechanical transmission systems. The transaction gives rise to a new group active in power transmission systems, founded on the complementarity between Meter’s custom bearings and Colzani’s gears and components, with the aim of consolidating its competitive positioning in the most technically complex industrial segments, while promoting Italian identity and know-how. The transaction enables the realisation of both industrial and commercial synergies, increases vertical integration and expands the Group’s offering in terms of both markets served and products.
The company, headquartered in Mariano Comense (CO), specialises in the design and manufacture of customised gears and power transmission components, intended primarily for rolling mills and steelworks, as well as for machine tools, the racing sector and power generation.
Founded in 1988, Colzani has progressively developed its expertise to become one of the very few leading players in Italy in the segment of large-diameter, highly complex components, with production characterised by ultra-small batch sizes. Its premium positioning is underpinned by a large and comprehensive machine park, which enables the company to handle all critical machining processes in-house, creating a significant point of differentiation in the market.
In 2025, Colzani generated revenues of approximately €15 million, employs over 70 staff across four production sites in Lombardy, delivering excellent performance and value for its customers.
Marco Colzani will retain his role as CEO of Colzani, whilst Ornella Colzani will continue to support the project’s development, ensuring operational and managerial continuity and facilitating the integration of the two entities. The Colzani family will reinvest in the Meter Group. This acquisition gives further impetus to the project of creating a group that is a leader at European level. The gradual strengthening of the organisational structure, including through the addition of new expertise, will enable intensive work on the identification and development of synergies. As a whole, the new Group will be able to rely on an industrial base spread across multiple production sites in Italy, the United States and China (totalling 58,000 m²), will employ over 280 staff and will be able to leverage an international commercial presence.
“I am very pleased with this first acquisition completed by Meter, just over a …

Entrepreneurs Michele, Roberto and Fabio Cerantola have reinvested in the transaction, ensuring management continuity and the retention of key functions to support the new CEO. Sistemi Tecnologici, which has sold its stake in Cerantola and Ceraplast, is owned by the founding family. IGI Private Equity, with the support of Crédit Agricole Italia through Amundi Private Equity Italia as a co-investor, will acquire control of the Group.
IGI Private Equity, with the support of Crédit Agricole Italia through Amundi Private Equity Italia as co-investor, is continuing its investment strategy focused on the sustainable transition of family-owned businesses by announcing the acquisition of a majority stake in Cerantola S.p.A. and Ceraplast S.r.l. Cerantola, based in Ramon (TV), is a contract manufacturer active in the design, production and marketing of premium-positioned components for seating and complete chair kits, in plastic and metal. Founded in 1986 by the Cerantola family and developed over more than forty years by Michele, Roberto and Fabio Cerantola, the company has embarked on a path of progressive growth that has led it to become one of the leading integrated players in the sector at European level.
The company, which employs around 70 people, closed 2024 with consolidated revenues of approximately € 28 million and an EBITDA of over € 8 million. Production takes place at a single 23,000 m² site in Ramon (TV), supported by a well-established supply chain, an efficient, fully integrated production process, and an automated warehouse, ensuring a level of service that meets the highest industry standards.
With the aim of launching a further phase of strong growth, Michele and Roberto Cerantola – who will remain actively involved in the management of the company and will reinvest whilst retaining a significant minority stake – have decided to open up the company’s share capital to IGI and its co-investors. More specifically, the strategic plan envisages substantial growth in turnover through both acquisitions and organic growth, whilst continuing to invest in production capacity and strengthening the sales organisation, including abroad. Flexibility, service levels, quality and technical expertise make Cerantola a reliable, highly regarded and award-winning supplier to its customers.
“Cerantola is a manufacturing excellence, agile, efficient and well-invested. The vision of the Cerantola brothers has enabled the company to achieve a leading position in terms of both profitability and customer service, establishing a solid foundation for an even more ambitious development and growth project. In line with IGI’s DNA, we intend to work on a project with a strong industrial focus, which will position Cerantola as an even more significant and leading player within its competitive landscape,” states Andrea Bruschi, Partner at IGI Private Equity.
“Cerantola stems from the entrepreneurial journey that my brothers and I have built over time, with dedication, vision and a strong connection to our family history and local area. Thanks to constant investment aimed at optimising and automating the production model, and a rigorous focus on the quality and innovation of our products, the company has achieved an internationally recognised competitive position. We believe that now is the …

The current CEO, Andrea Ceretti, has reinvested in the transaction and will continue to serve as Group CEO. Consilium has sold its stake in Faccin together with members of the founding family Nicola, Barbara, Francesca and Timothi Faccin.
IGI Private Equity, with the support of Equiter as co-investor, acquires control of Faccin S.p.A., a company based in Visano (BS) founded in 1960 and active in the design and manufacture of customized metal bending machines (e.g. plate rolls, dished headlines and angle rolls). Andrea Ceretti has invested in the transaction and will continue to lead the Group as CEO, together with the current management team, demonstrating the team’s strong commitment to implementing the shared industrial project.
Faccin embarked on a major transformation process in 2018 with the appointment of Andrea Ceretti as head of the Group. Under his leadership, the company has taken a clear strategic direction, strengthened its international presence and completed a profound industrial and managerial reorganisation. The Group has progressively refined its positioning, focusing on high value-added solutions of increasing complexity and size, with a particular focus on the most promising markets such as wind and hydrogen. Faccin stands out today for its high design flexibility and ability to develop fully customized systems, especially large-scale ones, proactively responding to the challenges posed by its global customers. The focus on service levels and technological product development has enabled the Group to consolidate its competitive advantage globally. Faccin is now recognised as one of the top three global leaders in the sector thanks to its technical excellence, solid product quality and ability to adapt quickly to developments in the market.
The company, which has over 110 employees, closed 2024 with consolidated revenues of over € 60 million, up 10% on the previous year, and EBITDA of over € 11 million. Production is carried out at a single 28,000 m² site in Visano (Brescia), backed by a consolidated, high-quality supply chain and benefiting from a direct commercial presence in some markets through its subsidiaries, Faccin USA and Faccin GmbH.
“In pursuing IGI’s strategy of investing in sustainable transition and in line with the Reduce, Reuse, Recycle principles of the circular economy, we believe that Faccin represents an opportunity of great industrial and strategic value. The company is positioned as a technological enabler of critical supply chains for decarbonisation, particularly in the wind and hydrogen sectors, through the supply of essential machinery for the production of wind towers and new-generation pressure vessels. Faccin’s solutions make a concrete contribution to reducing the environmental footprint: process automation and the progressive electrification of machinery improve production efficiency and reduce consumption and emissions. The focus on designing durable, high-efficiency systems designed to be installed directly near construction sites, with a consequent reduction in transport and logistics costs, reflects an industrial vision consistent with our values,” says Angelo Mastrandrea, Senior Partner at IGI Private Equity and future Chairman of Faccin.
“This transaction fully reflects our investment strategy, which is geared towards supporting the excellence and competitiveness of Italian SMEs in sectors with …

The entrepreneur Vittorio Musso reinvests in the operation and will continue to hold the position of Group CEO managing the company with the support of his sons Filippo and Corrado. IGI Private Equity, with the support of Crédit Agricole Italia through Amundi Private Equity Italia and Banca Ifis as co-investors, will acquire control of the company.
IGI Private Equity, with the support of Crédit Agricole Italia through Amundi Private Equity Italia and Banca Ifis as co-investors, continues its investment strategy focused on the sustainable transition of family businesses by announcing the acquisition of a majority stake in Meter S.p.A.
Meter S.p.A., based in Robassomero (TO), is active in the production of custom ball bearings and rollers for special applications. Founded in 1980 by Vittorio Musso and managed by the Musso family, it has grown significantly over the years, opening branches in the United States, China and Germany, becoming a reference player in the sector and the global leader dedicated to the production of bearings and other mechanical components for the forklift segment. With a turnover of over € 70 million and 220 employees, the group aims to kickstart a further phase of strong development.
With this in mind, the Musso family, who will remain at the helm of the company and reinvest to retain 40% of the capital, have decided to open the shareholding structure to IGI and its co-investors. More specifically, the strategic plan envisages development both organically and through acquisitions, continuing to increase investments in production capacity and strengthening foreign subsidiaries. Flexibility, quality and technical skills make the company a stable, valued and award-winning supplier by its customers.
“We believe that Meter is a solid starting point, perfectly aligned with our investment strategy, for a project of growth and development. The Musso family has done an exceptional job in making the company one of the global reference players in its market. IGI is proud to be able to bring its experience and contribute to this new phase of evolution of the company,” said Andrea Bruschi, Partner of IGI Private Equity and Chairman of Meter.
“I have experienced and managed two successful generational transitions; with my uncle Ezio Mandelli when I started Meter at the age of 24 and then with my sons Filippo and Corrado, sharing a strong desire to continue progressing together. Operating in an increasingly competitive and complex world, also from a geopolitical point of view, needing and wanting to grow further while protecting our roots and all our stakeholders, in particular our employees, my family and I have decided to seize the opportunity offered to us by IGI. By re-investing together with the fund for a 40% stake in the company and remaining at the helm of Meter, we intend to pursue an ambitious growth project, through acquisitions, strengthening our international presence and consolidating the production structure in Italy and abroad.
After more than 40 years of growth, we must find all the opportunities to continue growing while remaining faithful to our long-standing values: customer orientation, reliability, quality, flexibility, and great …

The Jungeblodt brothers will reinvest to promote the integration of the two companies and enhance people and skills.
IGI Private Equity continues its investment strategy focused on the sustainable transition of family businesses by announcing that OME S.r.l., one of its portfolio companies, has acquired 100% of Jungeblodt GmbH from Klemens and Heinrich Jungeblodt.
This historical company is an active competitor in the production of fastening systems for critical applications that has belonged to the Jungeblodt family for five generations. Headquartered in Warstein, (Germany), the company achieves a turnover of over € 30 million with good margins by selling its products both in Germany and abroad, including the USA and China.
As part of the transaction, the Jungeblodt brothers will reinvest part of the proceeds from the sale to promote the integration of the two companies and the enhancement of all the people and skills present in the two companies. In total, the group will have almost 400 employees spread over the production hubs of Erba, Cividate Camuno and Warstein.
OME S.r.l., acquired by IGI in 2021 from the three brothers Filippo, Diego and Carlo Farina, has been operating for over 70 years in the production of fastening systems for critical applications especially in the off-shore, marine and power generation sectors, where absolute reliability and product precision together with very stringent certifications of production processes are required.
OME has achieved significant organic growth since the entry of IGI, reaching a turnover of € 50 million with a margin of more than 20% and excellent cash generation. Thanks to this excellent performance, OME’s management team, led by Andrea Zuccarino, considers the integration with Jungeblodt an excellent opportunity for external growth, reaching new customers in markets not yet covered, expanding the product range and expanding the production capacity that the two companies can offer both in terms of quality and quantity. The goal of the two companies is to reach a turnover of € 100 million within a few years, while maintaining the extraordinary quality of the products and the ability to deliver special products with high technological content.
“This operation will allow the consolidation of the OME Group in the segment of critical fastening systems through the union of two historical production companies in the world’s leading countries for mechanical machining and the first in Europe in the production of steel,” says Andrea Zuccarino, CEO of OME.
OME was assisted in the transaction by Equita Mid Cap Advisory for M&A profiles with CEO Filippo Guicciardi, Andrea Dubini (Director) and Riccardo Zanasi (Associate).  PWC followed the financial due diligence with Partner Giovanni Tinuper and Senior Manager Giuseppe Cerfeda.  Flick Gocke Schaumburg carried out the legal and tax due diligence.  Molinari Agostinelli was in charge of the structuring of the deal, with Partner Ottavia Alfano and Senior Associate Andrea Cristiani.  ERM handled the EHS due diligence, with Partner Giovanni Aquaro and Director Marco Orecchia.  BonelliErede acted on the legal and antitrust aspects of the transaction with a team led by Partner Giulia Bianchi Frangipane and composed of Managing Associate Marco Cislaghi …

Entrepreneur Giuseppe Visentini reinvests in the transaction and will continue as Group CEO. Investo Uno, which sold its stake in ThermoKey, is headed by Berrier Capital, led by Alberto Craici, as well as entrepreneurs Giorgio and Giuseppe Visentini and Giuseppe Patriarca.
30 May 2024 – IGI Private Equity, with the support of LGT Capital Partners and BNP Paribas BNL Equity Investments as co-investors, will acquire control of ThermoKey S.p.A., a company based in Rivarotta (UD) founded in 1991 and active in the HVAC-R (Heating, Ventilation, Air Conditioning & Refrigeration) sector, producing air heat exchangers (coils and radiators) and ventilated units (Dry Coolers, Unit Coolers and Condensers) for over 30 years. The remaining 5% will be held by Giuseppe Visentini, who will continue to lead the group as CEO with the support of the existing management team.
Founded as a manufacturer of heat exchangers within a larger group ThermoKey became independent in 2013with the entry of new investors and entrepreneurs Giorgio and Giuseppe Visentini, and the latter’s appointment as CEO.It launched a development plan through the market launch of increasingly complex and efficient products, acting as a front runner on issues such as energy efficiency, circular and green economy, as well as technological evolution in line with legislative developments.
The company, which employs over 200 people, closed FY 2023 with consolidated revenues of approximately EUR 60 million, up 20% compared to the previous year, and an adjusted EBITDA of over EUR 8 million. Production is carried out in a single site of 32,000 square metres in Rivarotta (UD), in 3 production plants- in the main Italian HVAC-R district, and can count on a high level of support and know-how from the entire supply chain, as well as fromThermoKey Deutschland, a trading company based in Germany and 100% controlled by ThermoKey.
“In pursuing IGI’s strategy of investing in sustainable transition projects and the principle of the 3 Rs (Reduce, Re-use and Recycle) at the heart of the circular economy, we identified the HVAC-R sector as particularly interesting. I am convinced that ThermoKey represents an excellent investment opportunity; the vision that has guided the development of the business and the definition of its strategic direction has enabled the company to reduce both the consumption of its plants by increasing their efficiency and the amount of refrigerant gases, improving its carbon footprint. ThermoKey is also committed to making products that last longer, with intelligent design and use of recyclable materials” says Angelo Mastrandrea, Senior Partner at IGI Private Equity and Chairman of ThermoKey.
“In these ten years of management, we have worked hard to position ThermoKey among the reference companies in Europe in our sector, focusing on reliability, sustainability and innovation. I am delighted to continue leading the company, with my team, alongside IGI Private Equity, which shares and supports our commitment to designing and producing solutions that respect the environment and improve people’s quality of life. Sustainability and digitisation are, and will continue to be, our main growth drivers” says Giuseppe Visentini, CEO of ThermoKey.
“We reap the results …

Tramec S.r.l., a company based in Calderara di Reno (near Bologna) active in the design, production and marketing of gearboxes, led by CEO Leo Girotti and in the portfolio of IGI Investimenti Sei since June 2021, continues its consolidation plan with the support of IGI for the creation of an outstanding Italian player in the motion control sector.
Following the acquisition of MT Motori Elettrici and Bermar, Tramec has made a third add-on, Varmec S.r.l. based in Thiene (near Vicenza), having held a minority stake since 2000.
With the acquisition of Varmec, the Tramec Group aims to reach a turnover of € 70 million, the basis for further expansion, both internally and through acquisitions, expected in the coming years.
Varmec has been active since 1980 in the production of helical gearboxes, pendulum gearboxes, mechanical and belt variable speed drives and in the production of direct current electric motors.
Varmec’s product range is well suited to the Tramec group, allowing a further step towards the group’s strategic evolution from a supplier of products (gearboxes) to become a complete and integrated market leader in motion control.
Waldi Franzon will remain at the helm of Varmec, flanked by Leo Girotti (CEO of Tramec), with the aim of ensuring continuity in relations as well as integration with Tramec.
Leo Girotti commented on the acquisition: “I am very pleased to confirm and further consolidate Varmec’s role in the Tramec family.  By acquiring control, we intend to support the company in its future development, aiming for product, commercial and organizational synergies with the rest of the group.”
Waldi Franzon added: “I think it’s an important step for Varmec. Becoming part of a solid, important group recognized by the international market can only create new synergies that will certainly give impetus to new projects for common growth.”
IGI is active in the management of private equity funds specialized in investments in small and medium-sized Italian industrial manufacturing companies through majority transactions. The Tramec Group is the fourth investment of the IGI investimenti Sei fund, for which IGI has raised €170 million.
Cerina Studio Legale provided legal support for Tramec on the deal.

Argos Climate Action Fund acquires Bracchi, a leading company in the transport and logistics sector in Italy. Anima Alternative SGR, Clessidra Capital Credit SGR and the Management co-investors.
The goal is to position Bracchi at the forefront of the sector in terms of offering a green alternative, implementing a clear decarbonization strategy.
Argos Climate Action, a buyout fund focused on the decarbonisation of European SMEs, aims for a CO2 intensity reduction target of 7.5% per year and a direct alignment of the team’s incentives with environmental performance.
Following the announcement of the first closing at the beginning of September, Argos Climate Action, the first European “Grey to Green” buyout fund, today announces its entry into Bracchi, a leader in freight transport and logistics, with a majority stake. The transaction was carried out with the co-investment of Anima Alternative SGR, Clessidra Capital Credit SGR and the Management. The company was acquired from the funds IGI Investimenti Cinque and Siparex.
Founded as a local Italian transport company, Bracchi is now one of the most important logistics and transport operators in Europe, managing tailor-made services in highly specialized niche sectors such as elevators, agricultural equipment and luxury brands. The company is a point of reference for all customers who want to make use of a single interlocutor for any logistical and distribution needs in Italy, Europe and around the world. Bracchi has 650 employees and in 2022 generated a turnover of over € 180 million operating from 7 regional offices and 11 hubs in Europe, while a closure of about € 200 million is expected for 2023.
The Business Plan for the coming years is to expand geographical coverage, acquire new technical know-how in other special logistics niches and expand the customer base. In keeping with the Fund’s mission, which is central to the investment logic and value creation, is the ambitious plan to decarbonise operations, aiming to halve the intensity of CO2 emissions over five years in the Scope 1, 2 and 3 areas.
Supported by the management’s strong desire to initiate an environmental transition, the plan is demand-driven as Bracchi’s main customers are already accelerating the decarbonization of their supply chain upstream and downstream.  It is supported by validated technical solutions in a sector with such a high carbon impact and is based on innovative partnerships related to biofuel procurement.
The new Board of Directors will be chaired by Paolo Scaroni, who will lead the company on its decarbonization path with a strategic focus on innovative biofuels and other sustainable mobility systems.
The transaction was structured with a mix of equity (underwritten by Argos Climate Action Fund, Anima Alternative 1, Clessidra Private Debt Fund), junior financing (provided by Anima Alternative 1 and Clessidra Private Debt Fund) and senior financing provided by BNL and BancoBPM. This is the first milestone in the strategy to extend the Argos Wityu platform beyond the historic mid-market funds. Supported by public institutions, institutional investors and Family Offices, all with deep convictions on the need to actively contribute to climate change mitigation without compromising …

Milan, 13 November 2023 – IGI Private Equity, an independent asset management company specializing in capital investments in small and medium-sized Italian companies, has launched a project with Prometeia – a leading consulting firm that has been active in the field of sustainability and private markets for years with a dedicated team – to assess the exposure of its investment portfolio to climate risks.
The agreement stems from IGI’s desire to respond to the growing attention at national and European level to the integration of ESG risks, in particular those related to climate and the environment, into the strategic and operational model of financial operators. IGI, which has already incorporated ESG analyses into its investment process with the help of Prometeia, has therefore decided to extend the assessment of its portfolio companies to climate risks, both in the due diligence phase and through periodic monitoring.
On the strength of the expertise gained in sector and real estate analysis, Prometeia applies an articulated and complete model for climate risk assessment to the asset management sector, in particular to the world of investments in private assets.
The model makes it possible to assess exposure to climate risks both at the individual company level and at the aggregate portfolio level based on various future scenarios. The model takes into account the impacts of both transition and physical risk. On the one hand, the risks associated with a transition to an economy with a lower environmental impact on the balance sheet of the portfolio companies are analyzed, and on the other, the exposure of the companies’ buildings to the increase in size and frequency of environmental risks such as floods, fires and landslides.
The presence of a solid ESG data collection framework has allowed IGI to correlate the specific data of the individual companies in relation to the emissions and energy consumption profile within the climate risk assessment model. This also makes it possible to assess their positioning within the reference sector and in many cases to estimate the best positioning of the same companies compared to the sector benchmark.
Matteo Cirla, Chief Executive Officer and Head of Sustainability at IGI Private Equity said: “IGI has put considerable effort into integrating sustainability factors into its investment processes but recognizes that the environmental and climate challenges we face are constantly evolving. The growth in the collaboration with Prometeia represents an important step in this direction, allowing us to gain a better understanding of the climate risks which our portfolio is exposed to and to manage them appropriately. At IGI we are aware that we play an important leadership role in the transition of the companies which we invest in, not only in terms of size and organization, but also in support on the path of sustainability. We believe that understanding potential climate impacts makes us more informed and responsible investors.”
Claudio Bocci, Partner at Prometeia and Head of Asset Management, commented: “The issue of climate change risk is becoming increasingly central to the European regulator’s agenda and institutional investors’ attention to …

The IGI Investimenti Sei Fund (IGI Private Equity) has sold Nuovaplast to Valgroup, the holding company of a group that has been active in the virgin and recycled polymers industry for over 45 years and has a turnover of around USD 1.5 billion. Today Valgroup is one of the largest producers, processors and recyclers of polymers, with operations in Brazil, Spain, the United States, Mexico and Uruguay.
In January 2019, IGI Private Equity acquired control of Nuovaplast, a company based in Villa Lempa (Teramo) and active in the production of PET preforms for the mineral water, oil, milk, detergent and personal care sectors. Entrepreneur Roberto Tomasoni, the previous owner, and Equilybra S.p.A. participated in the transaction as minority shareholders.
In recent years, the IGI fund has pursued a process of business development aimed at consolidating the company’s leadership position in the market, expanding production capacity, and maintaining technological and automation leadership through major investments.
The fund has strategically integrated Nuovaplast upstream in the value chain thanks to the new plant for the production of recycled PET from post-consumer bottle flakes through a new company called 3R, and has carried out the generational transition from the entrepreneur Tomasoni thanks to the progressive managerialisation of the company.
In 2022, Nuovaplast expects to close the year with a turnover of more than 90 million euro and an Ebitda of around 15%.
Valgroup, a Luxembourg-based holding company, converts over 600,000 tonnes per year of virgin resins into rigid and flexible plastic packaging and over 100,000 tonnes of post-consumer recycled plastic.
Most of Valgroup’s activities are located in Brazil; its presence in Europe is marginal (in Spain) and limited to recycled PET resins.
“With Nuovaplast we have accomplished, among many others, two fundamental objectives of our investment strategy: the management of the generational transition in the company with the entry of a team of capable managers and the implementation of a circular economy project with the investment in the subsidiary 3R, which allows the Nuovaplast group to internalise the production of R-PET (recycled PET) starting from post-consumer bottle flakes,” says Angelo Mastrandrea, partner of IGI Private Equity, “Thanks to the work done, we have sold Valgroup a market-leading company with a solid management team and a clear green vocation.”
“With this transaction we want to diversify the group’s core business, also geographically by expanding our presence in Europe,” says Luigi Geronimi, President of Valgroup, “The acquisition of Nuovaplast will allow us to enter a new market with an already well-established position and the development of synergistic relationships with the main suppliers and customers in the sector, and achieving economies of scale.”
IGI was assisted in the sale by Mediobanca, financial advisor for the transaction, with a team including Andrea Sorci, Magda Pellecchia and Eleonora Candeo; LABS Corporate Finance, advisor for the structuring of the transaction, with Luca Spazzadeschi and Elena Giacomelli; Studio Legale Chiomenti, for the legal part, with partner Luca Liistro, Arnaldo Cremona, Maria Laura Zucchini and Carola Dalla Riva; KPMG supported the company on the financial due diligence with partner Lorenzo Brusa …