Metrika doubles down on industrial Made in Italy and invests in Robor

28 April 2021
METRIKA’s second investment is for the development of Robor, the global leader in the manufacturing of integrated lines for insulating panels production

Milan, 28 April 2021 – Private Equity firm Metrika, led by partners Marco Giuseppini and Nicola Pietralunga, completed its second investment by acquiring a majority stake in Robor, company engaged in the design, production and assembly of fully integrated lines for continuous insulating panels production. The Borsato family will retain a minority stake in Robor, company engaged in the design, production and assembly of fully integrated lines for continuous insulating panels production.
The Borsato family will retain a minority stake in Robor.

Robor S.r.l. was founded by the Borsato family in 1970 in Quinto di Treviso, and today its over 150 integrated lines installed are present in over 50 countries and 5 continents, achieving an average export of over 90%. The company’s engineering and technical experience has enabled it to realize its continuous insulation panels production lines for multiple end-markets including logistics, cold chain, construction, naval and aircraft.

Over the years, Robor S.r.l. has recorded significant growth in turnover, with a production backlog which more than doubled compared to the previous year, reaching the highest level since its foundation, reflecting the resilience and geographical expansion achieved by the company. Such results have been achieved through its strategy of focusing on a 100% Italian engineering and production of fully custom-made integrated lines for the continuous production of sandwich panels in polyurethane, mineral wool and polystyrene.

Under the agreement, Simone Borsato remains a shareholder of Robor with a minority stake and, supported by Metrika, will act as CEO with the aim of:

  • further consolidating the company’s international development with the opening of operating branches in China, Russia and North America;
  • strengthening of the management team;
  • developing the production and organizational structure;
  • strengthening of after-sales services;
  • expanding its technical offering in order to access new markets and end-markets.

Simone Borsato said:

“I am proud to announce and welcome the entry of Metrika in Robor, whose choice has been based on real industrial skills and a highly operating approach to support the company by its Investment Team; these factors have allowed Metrika to be chosen as our partner, and immediately understand the main needs for our development plan. The agreement will allow the company to accelerate its strategic projects, strengthen its international standing and protect the excellence of our country’s industrial manufacturing sector”.

According to the Managing Partner of Metrika Nicola Pietralunga:

“The acquisition of Robor fits perfectly within the Fund’s allocation strategy, aimed at creating value by investing in Italian industrial companies, leaders in their niche market and recognized internationally. Robor is in fact one of the most notable international players that stands out for its high technical know-how and operational flexibility, characteristics that allow it to compete globally even with larger companies”.

Marco Giuseppini, founder and CEO of Metrika, stated:

We are extremely satisfied for our second investment. With Robor, we continue the path of building an extremely resilient and solid portfolio. Metrika has demonstrated its ability to identify companies with a valid technical and production background, where the industrial DNA of the fund and its team is confirmed as a differentiating factor.”

Metrika was assisted by Piergiorgio Mancone and Luca Gobbi of the law firm LegisLab for the legal aspects, by Alberto Russo, Alessandro Manias and Alessia Boddi of the tax firm Russo De Rosa Associati for the tax due diligence and tax structuring, by Andrea Longoni, Alessandro Arienti and Agnese Camertoni of KPMG for the financial due diligence, by Milena Brambilla and Jacopo Gerbi of Tauw for the environmental and ESG due diligence and by Andrea Monticelli of Marsh for the insurance due diligence.

Robor’s shareholders were assisted by EY with Gianni Panconi, Roberto Liguori and Marta Romagnoli as M&A sell-side advisor, by Luciana Sist and Alice Preo for accounting aspects, by Savino Tatò and Gianluca Dibenedetto on tax aspects and by Andrea Zarbo of the Zarbo-Costantino law firm for legal matters.

The transaction was financed by Credit Agricole Friuladria, as agent bank with Gianluca Pagano, Paolo Catarozzo and Paolo Marcoli, and by Intesa San Paolo with Laura Airoldi and Luca Monis. The banks were assisted by Marco Leonardi, Valentina Lattanzi and Lorenzo Vernetti of the law firm Gattai Minoli Agostinelli & Partners.

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Metrika SGR S.p.A.

SGR Registered in the register pursuant to ART. 35 of the TUF at Banca d'Italia, AIF Managers Section, at number 173, on 30/07/2019