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Industry: ready-to-heat frozen meals
Acquisition date: May 2007 Type of investment: buy-out Stake: majority stake Status: realised (June 2012) |
| 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.
The company was acquired by the CPEF in May 2007 in a management buy-out transaction. In 2012 Gelit was sold to Ralcorp Holdings (now ConAgra Foods), a US listed corporation leader in the North American food market. |
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Industry: components for the oil & gas industry
Acquisition date: October 2007 Type of investment: buy-in Stake: majority stake Status: realised (August 2013) |
| The Group, founded in 1970’s and based in Carpaneto Piacentino (Piacenza), is active in the production of components for the oil & gas industry.
The Group’s two division, Douglas Chero and Douglas Italia, manufacture rispectively small forged steel valves for refineries and customized filters and steam traps for gas processing plants. The company was acquired by the CPEF in October 2007 through a management buy-in transaction In August 2013 the Company was sold to Cameron International, a US based multinational listed on the NYSE and leading provider of flow equipment products, systems and services to oil & gas industry. |
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Industry: nut-based chocolate spread and intermediates
Acquisition date: July 2010 Type of investment: buy-in Stake: majority stake Status: realised (June 2011) |
| Nutkao, founded in 1982 and based in Canove di Govone (Cuneo), is one of the European leading manufactures of nut-based chocolate spreads for the private label retail channel. The company is also involved in the production of chocolate-based intermediate products (liquid chocolate, chocolate in drops, stuffing) for the confectionary industry.
In July 2010 the CPEF acquired a majority stake from the founding family through a management buy-in transaction. In June 2011 the fund sold his stake back to the founding family. |
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Industry: linear motion field
Acquisition date: July 2010 Type of investment: buy-out Stake: minority stake Status: realised (November 2013) |
| Founded in 1975 and headquartered in Vimercate (Milan), Rollon manufactures linear motion components used in a wide variety of industrial applications and has subsidiaries in Germany, France, the US and Holland.
Rollon has pioneered the introduction of medium-precision rails (more flexible and easier to use than the high-precision version), becoming in a few years the acknowledged technological leader within the sector. Its strong market position, combined with a recognised brand name throughout Europe, has created significant barriers to the entry of new competitors. In 2010 the CPEF acquired a minority stake in the leveraged buy-out transaction through which Rollon was sold to Axa Private Equity (now Ardian). In 2013 the company was sold to a group of financial investors. |
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Industry: teamwear
Acquisition date: July 2011 Type of investment: buy-out, expansion capital Stake: majority stake Status: realised (march 2019) |
| 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 July 2011, the CPEF acquired a majority stake in Macron through a buy-in transaction comprising also a capital increase to finance Macron’s future growth. In 2019, Macron was sold to a private investor. |
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Industry: systems and accessories for beer and soft drinks
Acquisition date: June 2013 Type of investment: management buy-in Stake: majority stake Status: realised (march 2019) |
| Celli, founded in 1974 and based in San Giovanni in Marignano (Rimini), is a leading player in the production of systems and accessories for the dispensing of beer, soft drinks and water.
The company has a strong position in both Asia (with a direct branch in Singapore) and South America, both markets with interesting growth prospect. Celli’s clients comprise the main international players in the beverage market. Celli enjoys a high brand recognition of its products, also thanks to its distinctive design. During 2015 and 2017, Celli acquired two UK based companies ADS2, manufacturer of bespoke beer fountains, and Angram, specialized in cask hand pumps. During 2016, Celli acquired Cosmetal, a Italy based manufacturer of drinking water dispensing solutions. During 2018, Celli acquired FJE, a British family-owned business involved in the plastic injection moulding business. In June 2013, the CPEF acquired a majority stake in the company through a management buy-in transaction. In March 2019, the company was sold to Ardian. |
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Industry: slippers and comfort shoes
Acquisition date: December 2010 Type of investment: buy-out Stake: majority stake Status: in portfolio |
| De Fonseca, founded in 1982 and based in Leinì (Turin), is the Italian market leader in the manufacturing and distribution of slippers.
The company sold through the mass market, wholesalers, specialised retail and small retailers. Russia and China are the main foreign market. In December 2010, the CPEF acquired a majority stake through a buy-out transaction. |
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Industry: clothing and accessories motorbikes
Acquisition date: May 2012 Type of investment: buy-in, expansion Stake: majority stake Status: realised (july 2021) |
| Tucano Urbano, founded in 1999 and based in Peschiera Borromeo (Milan), is one of the leading Italian player in the market of clothing and accessories for scooter and motorcycle enthusiasts.
Tucano Urbano’s signature product is Termoscud©, a leg cover protecting the rider from cold and rain. Tucano Urbano is a very well-known brand, recognised for its innovation, functionality and excellent price-quality ratio. The company exports its products to France, Spain and United Kingdom. In May 2012, the CPEF acquired a majority stake in Tucano Urbano through a management buy-in transaction. In July 2021 the company was sold to an industrial buyer, which operates in the motorcycles and bicycles accessories sector. |
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