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 high technological content and impact on the local area. The centrality of innovation, the enhancement of human capital and the activation of synergies between operators are the pillars of our action and represent fundamental drivers in the creation of value for the benefit of all our stakeholders,” said Igor Calcio Gaudino, Chief Investment Officer of Equiter.
“Today is an important moment for the Faccin team. After years of passion, commitment and dedication, the support from IGI and Equiter will give us the boost we need to accelerate our growth and further strengthen our path of innovation and development. We understood right away that the new investors would share our values and our vision of a sustainable future, of excellence with a focus on people. This sharing of goals and values with the management team, already accustomed to looking ahead with responsibility and passion, represents the solid foundation on which we will write the pages of this new exciting chapter, stronger, more ambitious and full of opportunities. We are ready to do great things together with enthusiasm, determination and the conviction that the best is yet to come,” said Andrea Ceretti, CEO of Faccin.
“The sale of Faccin is an important recognition of the industrial and technological recovery and growth achieved over the years. We share IGI and Equiter’s vision of sustainability and innovation and believe that this partnership will further accelerate the Group’s development, strengthening its presence in strategic energy transition markets and promoting the evolution towards increasingly efficient solutions with reduced environmental impact,” said Stefano Iamoni, CEO of Consilium SGR.
IGI and Faccin’s management team have agreed on an ambitious development plan, with the goal of exceeding € 100 million in consolidated revenues over the horizon of the industrial plan. The growth strategy is based, on the one hand, on consolidating the Group’s current competitive positioning in the fastest-growing international markets through commercial expansion, the development of the after-sales business and the evolution of the offering towards increasingly automated, integrated and high-tech solutions. On the other hand, the plan envisages significant external growth, with the aim of accelerating geographical penetration and enriching the product range, seizing opportunities for industrial aggregation and strengthening Faccin’s sector leadership.
The IGI Private Equity team, composed of Angelo Mastrandrea, Andrea Sironi and Giorgio Pivanti on behalf of the funds under management, as buyer was assisted by: L&B Partners for legal aspects, with a team composed of Michele Di Terlizzi (Managing Partner), Davide Pelloso (Partner), Genny Muccardi, Umberto Biga and Salvatore Cuomo, as well as Pietro Paolo D’Ippolito (Partner) and Bartolo Cozzoli (Partner) for banking and administrative law aspects, respectively; Molinari for the structuring of the transaction and tax due diligence, with a team composed of Ottavia Alfano (Partner), Matteo Mairone, Maria Gabriella Terracciano and Marco Marinelli; Fortlane Partners for business due diligence, with a team composed of Giovanni Calia (Managing Director), Filippo Cerrone (Partner), Vlatko Astanov, Riccardo Campagna and Mattia Eccheli; Accuracy for financial due diligence, with a team composed of Renato Vigezzi (Partner), Davide Bordo, Veronica Cristofori, Gaia Dalla Montà and Alberto Pavin; ERM for HSE due diligence, with a team composed of Giovanni Aquaro (Partner), Marco Orecchia, Marie Neczyporenko and Francesca Del Rosso; Prometeia for ESG due diligence, with a team composed of Gianmatteo Guidetti (Associate Partner), Camilla Pacchiarini and Giulia Ristori; Ethica Group for debt advisory aspects, with a team composed of Alessandro Cortina (Partner), Giorgio Raimondi and Leonardo Moneda.
The Equiter team, acting as co-investor and composed of Igor Calcio Gaudino, Paolo Vergori and Annalisa Aschieri, was assisted by GOP on legal matters, with a team composed of Luca Jeantet (Partner), Paola Vallino (Partner) and Fernanda Salomone on corporate matters, and Matteo Gotti and Federica Miani on banking matters.
Consilium as seller was assisted by: UBS as Financial Advisor, with a team composed of Tommaso Poletto (Executive Director), Marco De Nicola and Edoardo Bianchi; Studio Legale Chiomenti for legal aspects, with a team composed of Manfredi Vianini Tolomei (Partner), Mario Pelli Cattaneo, and Paolo Nevola.