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Industry: software for securities trading
Acquisition date: December 2001 Type of investment: development capital Stake: minority stake Status: realised (June 2009) |
| Founded in 1997, Ion Trading is the market leader in providing high performance proprietary trading solutions for electronic fixed income, derivatives and futures markets worldwide.
The company, headquartered in Dublin, has offices in London, New York, Tokyo, New Delhi, Frankfurt, Madrid, Malta, Pisa, Sydney and Toronto. The KPPEF investment was completed in 2001 via the acquisition of a minority stake from one of the two founding shareholders. In June 2009 the fund sold its stake to the majority shareholder. |
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Industry: Industrial automation
Acquisition date: November 2002 Type of investment: development capital Stake: minority stake Status: realised (July 2007) |
| Founded in 1940 and based in Castellone (Cremona), Marsilli & Co. is the European leader in the design and production of coil winding machines and automated lines. The company provides its customers with tailored solutions in line with the exacting quality standards required in its main reference markets (electronics and automotive components).
At the end of 2002, the KPPEF underwrote a reserved capital increase in tandem with another financial investor, taking a combined 48% stake. The funds sold back their stakes in 2007 to the majority shareholder. |
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Industry: pharmaceutical and para-pharmaceutical
Acquisition date: February 2003 Type of investment: management buy-out Stake: syndicated majority stake Status: realised (November 2009) |
| Bouty Healthcare, founded in 1898 and based in Sesto S. giovanni (Milan), is active in three business areas: manufacturing and distribution of generic pharmaceuticals and OTC specialties; development and manufacturing on behalf of pharmaceutical companies of drug delivery systems; development and manufacturing of diagnostics kits to hospitals and laboratories.
In 2003 the management realised a management buy out with the support of the KPPEF and another financial investor. After being listed on the Italian stock exchange (2007), the company was sold to IBSA, a Swiss pharmaceutical group, at the end of 2009. |
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Industry: linear motion
Acquisition date: October 2003 Type of investment: turnaround Stake: majority stake Status: realised (July 2010) |
| 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 2003, the KPPEF, together with some entrepreneurs, took control of the company, in financial distress, by injecting fresh capital and implementing a turnaround plan that has been completed successfully in the following 18 months. In 2010 Rollon was sold to Axa Private Equity (now Ardian) and the CPEF in a leverage buy-out transaction. |
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Industry: distribution of fasteners
Acquisition date: July 2004 Type of investment: management buy-out Stake: syndicated majority stake Status: realised (October 2006) |
| Founded in 1973 and headquartered in Brescia, MFU is a wholesaler of fasteners and related products, mainly focused on value added services ranging from quality control to category management and integrated logistics.
In 2004 the company was acquired through a management buy-out sponsored by the KPPEF and another financial investor. In 2006 the company was sold to Anixter International, a leading distributor of communication products, electrical and electronic wire & cable and C-class components. |
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Industry: production of busbar trunking system
Acquisition date: April 2005 Type of investment: development capital Stake: relative majority stake Status: realised (July 2008) |
| BBI electric, based in Torbole Casaglia (Brescia), is active in the design and production of busbar trunking systems used for the distribution of electric power in industrial, commercial and residential buildings.
The KPPEF investment was completed in 2005 via the acquisition of a relative majority stake through a reserved capital increase and the subscription of a convertible bond. The Fund sold its stake to the management team in 2008. |
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