Metrika starts from chemistry for professional cleaning, sanitation and cosmetics and invests in Allegrini Metrika is now close to the threshold of 100 million euros in funding and chooses chemicals for its first operation: it acquires Allegrini S.p.A., with the aim of making it grow through external lines, internal development and expansion into foreign markets.
Milan, 27 October 2020 – Private Equity Metrika, led by partners Marco Giuseppini and Nicola Pietralunga, completed its first investment by acquiring the majority stake in Allegrini, a chemical company from Grassobbio (Bergamo) which has been operating in the detergent sector since 1945 professional and cosmetics.
In recent years, the company has been characterized by strong growth, both in Italy and abroad, due to the launch of new high-performance solutions for professional cleaning and for the frontier cosmetics market. The operational managers and partners, Maurizio and Ottaviano Allegrini, will remain at the helm of the company, flanked by Metrika, with the aim of further extending its development horizon.
The operation aims to support Allegrini’s growth on three fronts: by external lines, through the acquisition of strategic companies; by internal lines, through a plan of targeted investments in production capacity and improvement of company processes; and through commercial expansion, with a particular focus on international markets.
“The choice of Metrika as Allegrini’s partner” – said Maurizio and Ottaviano Allegrini – “was based on the sectorial skills and the highly operational approach of its Investment Team; factors that from the first meeting allowed him to understand the main dynamics of our business. We are also already working with Metrika to start a structured development process, and we have already identified the companies best suited to our growth strategy through acquisitions ”.
Marco Giuseppini, founder and CEO of Metrika, said:
“We are extremely satisfied with this first transaction, and we are convinced that it represents the first of a series of investments aimed at creating value for our underwriters. Companies such as Allegrini demonstrate how the national industrial ecosystem is alive and is rapidly recovering to compete globally. Metrika, as demonstrated so far by the Investment Team over the years and as a manager of alternative investment funds, strongly believes in the Private Equity sector in Italy, which acts as a driving force for both the recovery of the entire economy on the one hand, but of great return for investors on the other. “
“The acquisition in Allegrini – according to the Managing Partner of Metrika Nicola Pietralunga – fits perfectly within the Fund’s allocation strategy, aimed at creating value through investment in small and medium-sized Italian companies operating in the main sectors industrial. Allegrini is one of the most recognized players in the market niche of professional detergents and cosmetics and has distinguished itself in recent years for its high technical know-how, its extreme operational flexibility and its ability to offer customer service at 360 degrees. All combined with a product quality that is positioned on the high end of both reference segments “.
Metrika was assisted by the lawyers Riccardo Papetti, Laura Cinquini and Cesare Saputo of the NCTM law firm for the legal aspects, by Alberto Russo, Alessandro Manias and Martina Dal Lago of the Russo De Rosa Associati tax office, by Andrea Longoni and Agnese Camertoni of KPMG for the accounting aspects, by Milena Brambilla and Jacopo Gerbi of Tauw for the environmental and ESG aspects, by Maurizio Silvestri and Paolo Silvestri of Exorao for the operational technical aspects of the company and by Giuseppe Puccio, Giammarco Pellegrino and Leone Iaboni of Banca Akros as financial advisor.
Federico Born and Matteo Parisi of Banco BPM, who financed the transaction, were assisted by the lawyer Davide D’Affronto and Cettina Merlino of the law firm Simmons & Simmons.