480x240

Milan, July 1, 2024 – Alto Partners S.G.R. S.p.A., on behalf of Alto Capital V, (Alto Partners) and Arca Fondi S.G.R. S.p.A., on behalf of Arca Space Capital, (Arca Fondi) are pleased to announce the closing of the acquisition of Eurosirel S.p.A. ("Eurosirel" or the "Company"), a leading player in the production and distribution of advanced wound care and cosmetic products.

Alto Capital V and Arca Space Capital have acquired 100% of the shares of Eurosirel through a vehicle controlled and managed on an equal basis by the two funds. The closing, which took place on June 27, 2024, follows the required regulatory approvals.

Starting in September, Matteo Scarpis will take on the position of CEO of Eurosirel. Matteo Scarpis brings an extensive international experience in both the consumer goods and consumer healthcare sectors, having worked for major multinationals and served as General Manager of Sanofi Consumer Healthcare Italy since 2019. "I am honored and excited to join the Eurosirel management team in the forthcoming new phase of growth of the Company", said Matteo Scarpis. "We will work to strengthen our market position in the wound care sector, mostly in the high-value-added medical devices markets, and cosmetic industry, both in Italy and abroad. Today more than ever, health and wellness are at the center of consumers’ interest. It is essential to continue innovating to meet our customers' needs, offering sustainable, cutting-edge solutions that increasingly improve the quality of life of consumers."

Finanziaria Trentina and other selected family offices co-invested alongside Alto Capital V.

Fondo Italiano d’Investimento SGR on behalf of Fondo Italiano Private Equity Co-Investimenti (FIPEC) and BNP Paribas BNL Equity Investments co-invested alongside Arca Space Capital.

BPER Banca, Banco BPM, and Banca Nazionale del Lavoro (BNP Paribas Group) provided financing for the transaction.

For Alto Capital Partners, the transaction has been exectued by Gianmarco Gandolfi, Filippo Sabbion, Ilenia Corbelli, and Marco Albissi.

Alto Partners and Arca Space Capital were assisted by the advisors: OC&C (Business), Giovannelli Studio Legale (Legal), Spada Partners (Financial & Tax), ERM (ESG).

Ernesto Leonelli was assisted by: Marcianesi & Associati (Financial & Tax), Orrick (Legal).

ALTO PARTNERS
Alto Partners SGR S.p.A. is an independent private equity fund management company founded by Stefano Scarpis and Raffaele de Courten that invests in small and medium-sized Italian enterprises. With 25 years of market presence and 50 investments, Alto Partners supports the medium- to long-term development path of its portfolio companies. The Alto Partners team works alongside entrepreneurial families and management to manage generational transitions and support growth plans.

Alto Capital V, which closed fundraising last December at €273 million, has finalized five investments in Larioplast (cosmetic and food packaging), Dierre Group (industrial automation protections), EF Group (general contractor for exhibition stands and three-dimensional spaces), Fragesa (innovative pizzeria format under the Fradiavolo brand), and now Eurosirel.

The predecessor fund, Alto Capital IV, launched in 2017, completed 9 investments, 5 of which were divested, including: Diatech (molecular diagnostics) acquired by TA Associates, CEI (automotive spare parts) acquired by White Bridge Investments, OFI (nutraceuticals) acquired by Farmaceutici Procemsa, Tricobiotos (haircare) acquired by Alfaparf, and BIA (couscous) acquired by Bonifiche Ferraresi. The portfolio includes Millefili (high-quality yarns for knitwear), Olimpia Splendid (HVAC), Mipharm (pharmaceutical CMO), and a reinvestment in CEI.

ARCA SPACE CAPITAL
Arca Fondi SGR, founded in 1983, is today one of the leading players in the Italian asset management landscape. With assets under management reaching €41 billion in 2024, Arca Fondi SGR is a leader in the Individual Savings Plans (PIR) sector, Target Date Funds, Open Pension Funds, and ESG investments. Arca's products are distributed through a wide and extensive network that, thanks to consolidated partnerships with over 100 banks and financial institutions, includes more than 4,500 branches. Since 2019, Arca has been part of the BPER Banca Banking Group.

Arca Space Capital is the private equity fund stemming from the partnership between Arca Fondi SGR and Space Capital Advisors, with a fundraising target of €250 million, which completed its first closing at €130 million last August and has completed three investments in: RINA S.p.A. (a leading operator in the testing, inspection, and certification sector), Mosaiq Group S.p.A. (luxury and fashion packaging), and now Eurosirel.

Space Capital Advisors is the company established by partners Carlo Pagliani, Edoardo Subert, Alfredo Ambrosio, Laura Selvi, and Alessandro Grassi exclusively dedicated to the Arca Space Capital initiative. Since 2013, the Space team has launched four SPACs for an aggregate amount of €1 billion, which have led four leading companies in their respective sectors (FILA, Avio, Aquafil, and Guala Closures) to be listed on the STAR segment of the Italian Stock Exchange. In 2019, the Space team launched a club deal platform and completed two investment transactions in Italian SMEs (Adler Ortho and Bruno Generators Group), for an aggregate amount of approximately €100 million, with the goal of supporting entrepreneurs in the growth of their companies.