- Fassi is headquartered in Bergamo, Italy
- The transaction will be made via Elevation Investment Opportunities
- Giovanni Fassi will continue to serve as CEO of the company
Investindustrial has agreed to invest in Fassi Group, an Italian engineering company.
Fassi is headquartered in Bergamo. It provides a wide range of truck-mounted lifting equipment including knuckle-boom cranes, tippers and hydraulic hooklifts, focusing on a number of end-markets such as forestry and environmental and construction. It generated sales of over €470 million in 2023.
The Fassi family will maintain a minority stake in the business, with Giovanni Fassi continuing to serve as CEO of the company.
The transaction will be made via Elevation Investment Opportunities, an independently managed investment subsidiary of Investindustrial VII.
Investindustrial plans to grow Fassi by accelerating its international expansion, product diversification and supply chain integration, according to a release.
“This transaction demonstrates how Investindustrial’s industrially driven approach, operational focus and international footprint are distinctive factors valued by entrepreneurs and were instrumental in convincing the Fassi family to partner with Investindustrial,” said Andrea C Bonomi, chairman of Investindustrial industrial advisory board.
London-based Investindustrial is a European group of independently managed investment, holding and advisory companies with €13 billion of raised fund capital.
Investindustrial was advised on this transaction by UniCredit and Intesa San Paolo (financial advisors and financing providers), PedersoliGattai and Paul Weiss (legal), Boston Consulting Group (commercial), PwC (accounting, tax), Accenture (IT, cyber), WSP & Golder (environmental) and Willis Towers Watson (insurance).