Fourth investment of the industrial private equity firm METRIKA aimed at supporting the development of CMC, international leader in the design, production and distribution of aerial spider platforms.
Milan, 20 October 2022 – The Private Equity Metrika, led by partners Marco Giuseppini and Nicola Pietralunga, has completed its fourth investment by acquiring the majority stake of CMC, a leading international player in the design, manufacture and distribution of aerial spider platforms used in several end-markets, including, constructions, facilities management and tree-care. The founding families, Mastrogiacomo and Moretti, will ensure operational and managerial continuity in order to pursue the challenging goals agreed with the Fund.Founded by Carlo Mastrogiacomo and Michele Moretti in 1992 in Bari, CMC boasts a product portfolio composed by 6 families of aerial spider platforms, with 16 different models ensuring a high standard of product and service quality.
Having always been specialized in the technological development of its products thanks to the support of a strong in-house R&D department, CMC has achieved the highest levels of quality and reliability, focusing on end-user safety, which enabled it to continuously increase its market share and become an export Italian Champion.
CMC boasts a strong international reputation, supported by its extensive salesforce network well-spread in 5 continents through the presence of more than 50 dealers in more than 30 countries worldwide.
In 2021, CMC reached 50 million euros in turnover, and today begins a further expansion phase, alongside Metrika, whose main goals will be:
- Expanding its production capacity;
- Exploiting further growth opportunities through a targeted M&A strategy;
- Enlarging its technical solutions to break into new market segments;
- Accessing new markets, where the adaptability of its products offers great untapped potential.
The founding families, who have always been close-knit and cohesive, and whose will see further development thanks to the new generation represented by Giuseppe Moretti, who will assume the role of Head of Operations, and Alessandro Mastrogiacomo, who has been appointed CMC’s new CEO said: “We believe that Metrika, a solid financial sponsor with a strong industrial vocation, has the potential to join us in a new and further phase of growth and development, and we are proud that Metrika recognized us as the perfect partner to achieve even more ambitious goals.”
According to Marco Giuseppini and Nicola Pietralunga of Metrika: “This fourth investment further consolidates the Metrika’s vision to partner up with strategic players in the Italian industrial landscape, that have a strong vocation toward internationalization. In fact, CMC stands out for its strong presence in the U.S. market and its high level of technical know- how that have enabled over the years to establish itself as one of the most recognized players both in Italy and worldwide. Metrika intends to support the company in its further expansion phase, aiming at both organic growth and a targeted M&A strategy in order to increase its market share outside the domestic scene.”
Metrika was supported by Matteo Acerbi, Francesco Ambrosio and Ilaria Di Pasquale of Giliberti Triscornia law firm for legal and contractual aspects; by Alberto Russo, Alessandro Manias, Andrea Massaccesi and Mimmo Lombardi of Russo De Rosa Associati for tax aspects related to the transaction; by Federico Mussi, Maurizio Galati, Andrea Edoardo Napolitano and Matteo Polloni of PwC for accounting aspects; from Luca Bettale, Riccardo Cremona, Matteo Croci and Luca Delpero of Long Term Partners / OC&C Strategy Consultants for the business aspects; from Francesco De Siena, Marcello Mura and Izabela Pelc of Aon for the insurance aspects; by Filippo Zanin and Giulio Corazza of ESG Sustainability Advisory for the environmental and ESG aspects; by Simone Strocchi and Daniela Deghi of Electa for the structuring part of the deal; and by Alessandro Azzolini, Niccolò Morozzi, Sebi Cosentino and Lorenzo Carraro of PwC for the debt advisory.
The founding families were assisted by Alantra, as financial advisor, with a team composed by Stefano Bellavita, Valentina Osele, Francesco Fortunato and Francesco Pacioselli, and by the law firm White & Case LLP, with a team composed by Piero de Mattia, Alessandro Seganfreddo and Daniele Pojani.
The transaction has been funded by a pool of banks composed by Crédit Agricole Italia (as Agent Bank), with a team composed by Gianluca Pagano, Umberto Parolini, Cristiana Senatore and Stefano Carvutto; Intesa San Paolo, with a team composed by Gianluca Vittucci, Cristian Fava and Ernesto Galileo; and MPS Capital Services Banca per le Imprese, with a team composed by Luca Vannini and Alessandro Salvadori.
The banks have been assisted by Simmons & Simmons with a team led by the partner Davide D’Affronto and the associate Cettina Merlino.
