Industry: casual apparel

Acquisition date: January 2015

Type of investment: management buy-in

Stake: majority stake

Status: in portfolio

Manifattura Riese founded in 1961 in Rio Saliceto (Reggio Emilia) is one of the leading players in the sportswear apparel market for men under the Navigare™.

The company launched its own clothing line for men and subsequently widened its offering to accessories through a number of licencing agreements.

Navigare is a very well-known brand in Italy, recognized for its functionality and excellent price-quality ratio.

The company has a significant presence in China through licencing agreements with high standing partners.

In January 2015, the CPEF III acquired a majority stake in Manifattura Riese through a management buy-in transaction.

Industry: metal bending machines

Acquisition date: June 2016

Type of investment: buy-in

Stake: majority stake

Status: in portfolio

Faccin, founded in the 1960s and based in Visano (Brescia), is the world-wide leader in the manufacturing of plate rolls, angle rolls and dished head machines, with approximately 10,000 units installed around the world.

Today the group’s brands (Faccin, Biko, Boldrini and Roundo) are well known globally and are widely acknowledged for their quality, reliability and innovative features.

The group has state of the art production facilities, an international footprint and caters to a highly diversified set of end-user markets.

In June 2016, the CPEF III acquired a majority stake in the company through a leveraged buy-in.

Industry: stone working machines

Acquisition date: June 2016

Type of investment: buy-out

Stake: majority stake

Status: in portfolio

Founded in 1993 in Gravellona Toce (Verbania), the GMM group is recognized as the international leading brand in the bridge saw machines for stones proved by the wide diffusion of installed machines in the world (around 6.500).

The company has two production plants in Italy and two foreign branches to serve the North America and the Asia Pacific markets.

In June 2016, the CPEF III acquired a majority stake in GMM through a buy-out transaction.

In June 2018 GMM acquired a 70% stake in TWJ, an Australian company specialized in waterjet machines for metal, stones and composite materials. The acquisition allowed the GMM group to complete its product range with a state-of-the-art technology.

Gruppo Manifatture Italiane Industry: luxury sneakers and formal shoes

Acquisition date: January 2018 (River group), October 2019 (set up of Gruppo Manifatture Italiane and acquisition of Claudia group)

Type of investment: buy-out

Stake: majority stake

Status: in portfolio

Gruppo Manifatture Italiane, made of River Group, Calzaturificio Energy and Calzaturificio Claudia, is a leading player in the production of high-quality sneakers and formal shoes for prestigious luxury brands.
The group has three production plants in Tuscany and three units abroad – one in Albania (Alba Group) and two in Tunisia (Dana and MCT) – that produce shoe uppers for the group.

In January 2018, the CPEF III acquired a majority stake in River – made of River Group and Calzaturificio Energy, based in Fucecchio (Florence) – through a leveraged buy-out transaction.

In October 2019, the CPEF III acquired another leading made in Italy shoe manufacturer, Calzaturificio Claudia, based in Capannori (LU), creating Gruppo Manifatture Italiane, the first business aggregation of the sector.

Macron Industry: teamwear

Acquisition date: March 2019

Type of investment: leveraged buy-out

Stake: minority stake

Status: in portfolio

Macron, founded in 1971 and based in Crespellano (Bologna), is one of the leading players in the technical sports apparel for both professional and amateur clubs.

The Company started as a private label manufacturer of sportswear; starting from 1997, Macron has built and promoted its own brand becoming the technical sponsor of several professional teams both in Italy and abroad.

Macron supplies professional and amateur teams through multibrand stores as well as a network of over 100 Macron Store in Europe.

About 70% of the annual turnover is exported, mainly to the United Kingdom, France, the Netherlands and Scandinavia.

In March 2019, the CPEF III acquired a minority stake in Macron through a leveraged buy-out transaction.

Industry: bakery products

Acquisition date: March 2019

Type of investment: buy-out

Stake: majority stake

Status: in portfolio

Founded in 1935 and based in Valsamoggia (Bologna), Dino Corsini is one of the main players in the oven baked products business (small cakes, plumcakes and muffins) for the private label channel, being one of the manufacturing partners of the largest Italian mass retailers.

Dino Corsini’s product offering is focused on the fast growing segment of healthy products (organic, gluten-free and sugar-free).

In March 2018, the CPEF III has acquired a majority stake in Dino Corsini through a leveraged buy-out transaction.

Industry: ready-to-heat frozen meals

Acquisition date: May 2019

Type of investment: buy-out

Stake: syndacated majority stake

Status: in portfolio

The company based in Cisterna di Latina (near Rome), is the market leader in the production of frozen ready-to-heat meals and crêpes for the private label channel in Italy. Gelit is the manufacturing partner of all the main Italian mass retailers and has a strong presence abroad in particular in US.

In May 2019, the CPEF III acquired a syndacated majority stake (together with Progressio SGR) in Gelit through a management buy-out transaction.