Transactions

February 2023

Bonfiglioli Spa has signed an agreement to acquire Selcom Group Spa

Scouting assisted Bonfiglioli as financial advisor

STPG SCOUTING CAPITAL ADVISORS ASSISTS BONFIGLIOLI SPA IN ACQUISITION OF SELCOM GROUP SPA

  • Milan, Feb. 7, 2023 – Bonfiglioli SpA (Bonfiglioli), a global leader in the market for drives for industrial process and handling machinery, wind generators and mobile machinery for construction, earthmoving and intralogistics, has reached an agreement to acquire Selcom Group SpA (Selcom) from funds controlled by Avenue Capital Group and Europa Investimenti S.p.A.
  • Bonfiglioli, founded in Bologna, Italy in 1956, now operates in 80 countries with 24 sales sites, 15 manufacturing plants, 550 distribution partners and can count on more than 4,000 professionals worldwide. The Group serves more industries and applications than any other drive manufacturer and is a market leader in many sectors: gearmotors, drive systems, planetary gearboxes, inverters, agriculture and forestry, construction, food and beverage, intralogistics, marine and offshore, mining, packaging, wind power, and textiles.
  • Selcom, headquartered in Castel Maggiore (BO), achieved sales of about 150 million euros in 2022 (60 percent of which was Italian production), generating +15 percent growth over the previous year. The company specializes in the design, production and sale of electronic boards, electronic products, as well as software and solutions for customers in the industrial, biomedical, automotive, intralogistics and home-appliance sectors. With a production capacity of about 7 million electronic units/year, the production facilities are capable of meeting high volume demands and employ about 750 employees between Italy (about 40 percent of the total) Shanghai (Qingpu).
  • In the transaction, Bonfiglioli was assisted by STPG, through STPG Scouting Capital Advisors, as financial advisor, with a team composed of Managing Partner Marco Musiani and Associate Director Elena Dal Pozzo. In terms of legal advisory, Bonfiglioli was assisted by Fieldfisher Italia, with a team led by attorney Gianvincenzo Lucchini, while Deloitte handled financial and tax due diligence.
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