STPG - SCOUTING CAPITAL ADVISORS ASSISTING FINREL SpA IN THE ACQUISITION OF CONTROL OF TECNORD Srl

Transactions

Finrel SpA acquired 51% of the share capital of Tecnord Srl from Delta Power Group

Scouting has assisted Finrel SpA as financial advisor

Milano, 08 aprile 2022 – Finrel SpA, Casappa family holding owning Casappa SpA and Ikron srl, a global leader in the construction of pumps, motors, filters and hydraulic systems based in Parma, completed the acquisition from Delta Power Company Rockford (Illinois – USA) of 51% of the share capital of Tecnord Srl, headquartered in Modena.
Founded in 1981, Tecnord Srl is one of the most significant global players in the production of hydraulics, electronics and complete integrated systems, with a range of highly technological own brand products. The Company based in Modena, which employs a workforce of more than 250 people, produced in the plant of Modena (IT) more than 2.5 million products in 2021 and reached annual sales of more than 58 million/Euro.
In the transaction, Finrel was assisted by STPG, through STPG – Scouting Capital Advisors as financial advisor, with a team led by Managing Partner Filippo Bratta together with Analyst Eleonora Preto.
As far as legal advisory is concerned, Finrel was assisted by PWC Legal, with a team composed by Lawyers Michele Fava and Giulio Della Casa.
In the transaction Delta Power Company was assisted by Vedder Price of Chicago, with a team led by Guy Snyder, lawyer, and Nunziante Magrone with a team comprising Francesco Abbozzo Franzi and Federico Gioffrè, lawyers, as legal advisors.