After 4 years of investment, AUCTUS completes the exit of Profiltubi S.p.A.
AUCTUS announces the sale of the entire shares of the Italian Profiltubi Group including O.M.V Ventura to a new strategic partner – the Eusider Group. Profiltubi is a key player in the Italian market for the production and distribution of carbon steel welded tubes, with a consolidated turnover in excess of 100 million euros.
The Profiltubi Group, based in Reggiolo, Italy, has been operating in the steel sector for 50 years and specializes in the production of electro-welded carbon steel tubes, which can be produced in various shapes and sizes. Since its majority investment in 2020, AUCTUS supported the further business development of Profiltubi in partnership with its CEO Giorgio Figerio and some members of the Alfieri family, fostered the transition to a modern management and implemented a targeted M&A strategy that resulted in the add-on acquisition of 100 percent of O.M.V. Ventura in 2021.
Eusider Group is headquartered in Costamasnaga, Italy, and is owned by the second generation of the Anghileri family. Eusider is one of Italy’s leading service centers within the metal processing industry, operating with 900 employees at 10 other subsidiaries and 15 production facilities, producing around 1.3 million tons of steel. The group reported a turnover of EUR 1.2 billion and an EBITDA of 10.6% in 2022.
Giorgio Frigerio, who will continue to be responsible for the Profiltubi Group as CEO, stated, “I am really grateful – also on behalf of all Profiltubi and OMV employees – for this transaction with the Eusider Group, which will enable us to further develop significantly within the welded tube sector. As an experienced manager in the Italian steel industry, I was pleasantly surprised to find in AUCTUS not only a reliable and professional financial investor but also, and probably mostly, a partner with a clear and strong entrepreneurial mindset.”
The vendors were supported by the firm ADVANT Nctm (Michele Motta, Giovanni de’ Capitani di Vimercate, Lucilla Casati, and Vittoria Belcuore) as legal advisor.
On behalf of AUCTUS the transaction was managed and executed by Dr. Nicolas Himmelmann, Marco Bortot and Luca Astarita.
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About AUCTUS
AUCTUS is the most active investment company for small- and medium-sized companies in Europe with more than 415 investments in the past 23 years. The focus of our investments is on majority holdings in companies with annual sales of between EUR 10 million and EUR 150 million. AUCTUS stands for sustainable organic and also inorganic growth by acquisitions. We achieve this in a trustful partnership together with the management of our companies. We are specialized in building successful medium-sized company groups – We create market leaders. The more than 35 experienced AUCTUS investment experts currently manage around 50 platform investments from various sectors of the economy. The sum of the platform investments with a total of more than 200 individual companies achieves annual sales of € 3 billion. Sales and results have been growing at >10% per year for years. Our successful work is regularly rewarded with prestigious awards and top international rankings.
