A club deal of private investors and entrepreneurs led by Ur-Invest has acquired 100% of the share capital of Emmequattro S.r.l..
Merito finances the operation and participates in the club deal by investing in equity
Milan, October 12, 2022
Merito announces that Ur-Invest has today completed the acquisition of 100% of the share capital of Emmequattro S.r.l., an Italian company operating in the production and marketing of power transmission bridges for special vehicles with endothermic and electric traction. The seller is the Mori family, through the financial holding Mori.Fin S.r.l..
Emmequattro has been operating since 1977 in the design, production and marketing of mechanical transmission components and systems (differential bridges, reduction gears and gearboxes) for small and medium-sized “special vehicles”, thus configuring itself as a “first level” (Tier 1) supplier of OEMs. It mainly addresses the European market, offering customized solutions mostly to manufacturers specialized in market niches and independent from the major brands of Industrial Automotive.
The types of vehicles that integrate Emmequattro solutions are many and are united by the “off-highway” nature and reduced tonnage: collection trucks, sweepers, waste trucks, dumpers, loaders, airport tractors, minibuses. The strong “green” vocation is demonstrated by the fact that the axles produced are for the most part already set up for electric motors.
The company closed 2021 with 7.4 million euros in revenues and an EBITDA of 1.0 million. Following the transaction, Marco Bertolina was appointed CEO and Anna Mori was confirmed as Sales and Marketing Director.
Ur-Invest is an operator specialized in “Equity Club Deal” founded in 2021 by Francesco Della Valentina and Valerio Casari. For the investment in question, he coordinated a group of entrepreneurs and private investors.
The transaction was financed by Merito SGR on behalf of the closed-end fund Merito Private Debt Fund (at its third investment in 2022), which provided the debt capital to support the acquisition and invested in equity by participating in the club deal. For legal aspects, Merito was assisted by Deloitte Legal.
The buyers were assisted by LMCR for legal aspects, Pirola, Pennuto Zei Associati for tax aspects and legal due diligence, GEA-Consulenti di Direzione for strategic due diligence, Epyon for financial due diligence and TAUW for ESG due diligence.
The sellers were assisted by Banor SIM as financial advisor and by Studio Nassini Associati of Brescia for legal and tax aspects.
For more information: http://emmequattroaxles.it/
