Tramec S.r.l., a company based in Calderara di Reno (BO) and active in the design, production and marketing of gearboxes, led by CEO Leo Girotti, in the portfolio of IGI Private Equity since June this year, accelerates the buy and build process supported by IGI for the creation of an integrated Italian excellence in the motion control sector.
After the acquisition of MT electric motors, Tramec has realized its second add-on, Bermar S.r.l. of San Vincenzo di Galliera.
With this operation, Tramec Group is aiming at a turnover of 60 million Euros, the basis for further development, both internally and through acquisitions, planned for the coming years. The newly acquired company from Bologna employs about 25 people and has a turnover of about 10 million Euros, a significant part of which is achieved abroad.
Bermar has been active since 1969 in the production of asynchronous electric motors, including self-braking motors, and in the marketing of imported motors. The company distributes and customises inverters mainly for sectors such as marble processing, oenology, packaging and industrial machinery. Its capital is wholly owned, directly and indirectly in equal parts, by the two partners Sergio Cavazza and Walter Bertelli, who will support Tramec in the process of integrating the company into the group and in its organisational evolution.
Bermar’s production is well matched to that of the Tramec Group, allowing a further step towards its strategic evolution from a supplier of products (gearboxes) to a complete and integrated market leader for motion control.
IGI Private Equity is active in the management of PE funds specialising in investments in small and medium-sized Italian manufacturing companies through majority ownership transactions. The Tramec Group is the fourth investment of the fund IGI investimenti Sei for which IGI has raised 170 million Euros.
Angelo Mastrandrea, Andrea Bruschi, Alessandro Castiglioni and Anna Paola Schinaia from the IGI team worked on the deal.
On the corporate side of the Tramec deal, the following were involved: EY for financial due diligence; Cerina Studio Legale for legal support and legal due diligence; Di Tanno Associati for tax support and tax due diligence.
On the deal for Tramec on the banking side, the following were involved: Bper Banca as agent bank, Credit-Agricole Italia, the law firm Dentons and Simmons & Simmons.
BLF Studio Legale was involved in the deal for the sellers of Bermar in the persons of Pier Luigi Morara, Giuseppe Forni and Andrea Corbelli.