Chiara Medioli of Fedrigoni family will hold 10% in the company and serve as the group's Vice President.
Bain Capital Private Equity has finalised the acquisition of Italy's Fedrigoni group.The companies put the transaction value at slightly above €600m. A corresponding takeover agreement had been signed in December last year and the European Commission has cleared the acquisition in mid-February 2018.
According to the companies involved, a part of the Fedrigoni family will retain a 10% holding in the group in the person of Chiara Medioli. She will also serve as the group's Vice President.
Fedrigoni counts among the leading speciality paper suppliers worldwide. The group employs 2,700 people and runs a total of 13 facilities in Italy, Spain and Brazil. In 2017, Fedrigoni increased its sales by 2.6% to €1.08bn and recorded a net profit of €72.3m, compared to 63.5m in 2016.