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 and Trainees Angelica Morandini and Melian Zheng.

The sellers were assisted by MCF Corporate Finance with Partner Stefan Edlich and Associate Felix Forberich for M&A profiles and by Freshfields for all contractual and corporate aspects of the transaction with an interdisciplinary team led by Partner Prof. Christoph H. Seibt.  Simmons & Simmons assisted the company in banking contracts with Alessandro Elisio (Partner), Filippo Neri (Associate) and Alice Martina Gesualdo (Trainee).

Dentons assisted the lending banks (Intesa Sanpaolo, BPER Banca and Crédit Agricole) with a team coordinated by Alessandro Fosco Fagotto (Partner) and Edoardo Galeotti (Partner), assisted by Gaia Grossi (Associate) and Giovanni Vianello (Trainee).