Sixth investment by industrial private equity Metrika with the acquisition of Alimac group

16 November 2022
METRIKA’s sixth investment is aimed at supporting Alimac Group, an international leader in the production and commercialization of carry handles tapes for the Beverage and Tissues & Toiletries sectors
Milan, November 16th 2022 – After recently announcing the completion of the CMC and Sefo transactions, the private equity fund Metrika, led by partners Marco Giuseppini and Nicola Pietralunga, has completed its sixth investment by acquiring the entire share capital of Alimac Group, a world leader in the production and commercialization of carry handle tapes for the Beverage and Tissues & Toiletries sectors.

Founded by Massimo Patriarca and Carlo Borgatelli in 1990 in Gerenzano (Varese, Italy), Alimac Group boasts 6 subsidiaries located in Italy, Spain, Germany, Hong Kong, Russia, and China that allow a wide geographical coverage of the international market. Thanks to its distinctive and recognized know-how, Alimac Group serves a diversified customer base with a consolidated multi-year relationships.

Over the years, Alimac Group has experienced significant growth in business volume, achieving an international leadership position in a market characterized by high product specialization, quality and customization. The Group boasts three production plants in Italy, Germany and China, equipped with state-of-the-art machinery that meets the highest quality and production standards in the industry.

Thanks to the integration of production process and the in-house R&D department, Alimac Group has been able to develop sustainable products that reduce the volumes of packaging and plastics released into the environment, decreasing the transportation costs and the number of plastic bags, in line with market demands and European decarbonization goals. Alimac Group is ISCC (International Sustainability and Carbon Certification) and ISO 9001 certified.

Alimac Group, which exceeded 40 million euros in turnover in 2021, is ready to start a further expansionary phase supported by Metrika whose main objectives are

  • reinforcing the current management structure;
  • exploiting additional growth opportunities through a targeted M&A strategy;
  • developing sustainable technical solutions in order to access new market segments;
  • reorganizing the Group’s structure to allocate financial resources to uncovered markets.

The founders Carlo Borgatelli and Massimo Patriarca will ensure the Group’s operational continuity by supporting Metrika in achieving its goals.

According to Metrika Managing Partner Nicola Pietralunga – “The acquisition of Alimac fits perfectly within the Fund’s allocation strategy, aimed at creating value through investment in Italian industrial companies, leaders in their market niche and internationally recognized. Alimac is the most important player at the international level, standing out for its high technical know-how focused on sustainability and its production capacity, characteristics that allow the Group to meet the growing demand of its target market.”

Marco Giuseppini, founder and CEO of Metrika, said, “We are extremely pleased with this sixth transaction. With the acquisition of Alimac, the path of building an extremely resilient and solid portfolio continues. Metrika’s goal will be to support the Group in its further expansion phase, aiming not only at developing an organic growth but also at executing a targeted M&A strategy to enter in new market segments.”

Metrika was assisted for legal M&A profiles by Ascanio Cibrario, Luca Rossi Provesi, Edoardo Augusto Bononi, Raffaele Mittaridonna and Giorgia Patrizi, and for employment law profiles by Francesco Airaldi of Pedersoli law firm for legal and contractual aspects, by Roberto De Bernardinis, Gianmarco Metrangolo and Fabio Azimonti of EY for tax aspects, and by Enrico Silva and Andrea Di Bella of EY for accounting aspects, by Fabrizio Franco de Belvis, Riccardo Megna, Fabrizio Franco, Fabio Notarnicola and Filippo Caserta of PWC for business aspects, by Stefano Bocchi and Claudia Bruno of Marsh for insurance aspects, by Milena Brambilla, Sylvia Scholz, Svea Christensohn, Jacopo Gerbi and Massimiliano Leoni of Tauw for environmental and ESG aspects, and by Simone Strocchi and Daniela Deghi of Electa for structuring aspects of the deal. Ethica Group, with the M&A Advisory team composed of Filippo Salvetti and Marco Coppola, supported Metrika as M&A advisor. The selling shareholders of Alimac Group were assisted for contractual aspects by Gianfranco Veneziano and Niccolò Ghizzani and for labor law profiles by Vittorio Pomarici, Federico Carolla and Claudia Numerati of the law firm Bonelli Erede. The transaction was financed by Banco BPM S.p.A. in the persons of Federico Born and Matteo Parisi. BPM was assisted by the law firm Simmons & Simmons with a team composed by Davide D’Affronto and Francesco Burla.

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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

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