Bain Capital acquires Fedrigoni

02 Jan 2018 − 

The Fedrigoni family will retain a minority shareholding in the company.

US-based investment firm Bain Capital Private Equity is taking over Italy's graphic and speciality paper manufacturer Fedrigoni Group. The definitive purchase agreement has been already signed and the transaction remained subject to approvals by the competent authorities, Bain Capital informed in late December 2017.

Fedrigoni employs 2,700 people and runs a total of 13 facilities in Italy, Spain and Brazil. The group is expected to generate €1.1bn in sales in 2017, according to Bain Capital

"We believe Fedrigoni has the potential to grow significantly, both organically and through acquisitions, and look forward to partnering with the management team to accelerate this as we have done in several other industrial global businesses," said Ivano Sessa, a managing director at Bain Capital commenting on the transaction.

Italian media put the enterprise value of the transaction as high as €650m. The Fedrigoni family will reportedly retain a 10% stake in the company.

Find the entire article and any associated background information in EUWID Pulp and Paper no. 02 on 10 January.

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