Metrika Starts in the Chemical Sector for Professional Cleaning and Invests in Allegrini

Metrika Enters Professional Cleaning, Sanitation, and Cosmetics with Investment in Allegrini

Milan, October 27, 2020 – Private Equity fund Metrika, led by partners Marco Giuseppini and Nicola Pietralunga, has completed its first investment by acquiring a majority stake in Allegrini S.p.A., a chemical company based in Grassobbio (Bergamo) that has been operating in professional cleaning and cosmetics since 1945.

Metrika, now approaching the €100 million fundraising threshold, chose the chemical sector for its first investment, aiming to grow Allegrini through both internal development and external acquisitions, as well as expanding its presence in international markets.

In recent years, Allegrini has experienced strong growth in Italy and abroad, driven by the launch of high-performance solutions for professional cleaning and frontier cosmetics. Operational managers and shareholders, Maurizio and Ottaviano Allegrini, will remain at the helm of the company, supported by Metrika, with the goal of further extending its growth horizon.

The investment aims to support Allegrini’s growth on three fronts:

1. External growth through strategic acquisitions;
2. Internal growth through targeted investments in production capacity and process improvement;
3. Commercial expansion, with a particular focus on international markets.

Thanks to recent developments, Allegrini has become one of Italy’s leading suppliers of hand sanitizers, effectively responding to the surge in demand caused by COVID-19 with its flagship product, Primagel Plus, and recognized high-quality standards.

Maurizio and Ottaviano Allegrini commented:
"We chose Metrika as our partner for its sector expertise and highly operational investment approach, which allowed them to quickly understand the dynamics of our business. We are already working with Metrika to launch a structured growth process and have identified companies suitable for our acquisition strategy."

Marco Giuseppini, founder and CEO of Metrika, stated:
"We are extremely pleased with this first investment, which we believe is the start of a series of value-creating initiatives for our investors. Companies like Allegrini demonstrate the vitality of the Italian industrial ecosystem and its ability to compete globally. Metrika firmly believes in the private equity sector in Italy as a driver for economic recovery and attractive returns for investors."

Nicola Pietralunga, Managing Partner at Metrika, added:
"The acquisition of Allegrini aligns perfectly with the fund’s strategy to create value through investments in small- and medium-sized Italian companies in key industrial sectors. Allegrini is one of the most recognized players in professional cleaning and cosmetics, distinguished by its technical know-how, operational flexibility, and 360-degree customer service, combined with high-end product quality."

Advisors:

• Metrika: NCTM (legal), Russo De Rosa Associati (tax), KPMG (accounting), Tauw (environmental & ESG), Exorao (technical operations), Banca Akros (financial advisory).
• Allegrini shareholders: KPMG (sell-side advisor), 5Lex Studio Legale (legal), Dr. Alessandro Masera (corporate & tax).
• Banco BPM, financing the transaction, was assisted by Simmons & Simmons.