Transaction Details

October 8, 2018
Milan

Sector

Industrials and Industrial Technology

Deal Type

M&A

Deal Team

Carlo Dawan, Barbara Ronconi, Riccardo Colombo, Jacopo Santin, Paolo Altomare

GCA Altium advises Marval Group on its sale to Fondo Italiano d’Investimento

GCA Altium acted as exclusive M&A advisor to Marval Group’s shareholders on the majority sale to Fondo Italiano d’Investimento SGR S.p.A., an Italian private equity fund with assets under management exceeding EUR 3bn that includes state-owned Cassa Depositi e Prestiti among its major investors. This transaction further strengthens GCA Altium's reputation as one of the leading M&A advisors in the industrial sector in Italy.

Established in the 1950s and headquartered in Castellamonte (Turin, Piedmont), Marval Group is a leading player in the precision machining of top quality components for medium and heavy-duty vehicles such as cylinder heads, cylinder blocks and gear parts for powertrains as well as carbon-ceramic brake discs and suspension parts for chassis. In addition, Marval is an expert supplier of key components for the sports cars segment.

Marval operates two subsidiaries, China-based Changsha Xi Mai Mechanical Construction Co. Ltd., one of the most advanced powertrain components machining companies in the Hunan Region, and the recently acquired UK subsidiary Auto Sport Engineering Ltd., headquartered in Coventry.

Marval manages four production plants overall, of which two are located in Italy, in Castellamonte and Valperga, one in China and one in the UK, ensuring Marval's global reach.

Nicola Marchiando, Marval's former majority shareholder, will retain the position of CEO within the Group in addition to a minority stake and will continue to be supported by the current management team which has also invested alongside new majority shareholder Fondo Italiano d’Investimento.

The Marval Group acquisition marks the first investment by Fondo Italiano d’Investimento through its vehicle Innovazione & Sviluppo, which will replace exiting shareholder Mandarin Capital Partners, which backed the Group with a minority interest since 2016.

Commenting on the transaction, Nicola Marchiando said: “The acquisition of Marval by Fondo Italiano d’Investimento represents the beginning of a new phase of growth for Marval and aims to consolidate its international presence and its ability to innovate and compete globally.”

Carlo Mammola, CEO of Fondo Italiano d’Investimento, added: “We are delighted about the first investment of our new fund, which perfectly represents its overall strategy of creating international champions that can act as a platform for further growth.”

Carlo Dawan, Managing Director of GCA Altium, confirmed: “This deal further underlines GCA Altium’s effectiveness in making challenging projects a success and marks another high profile transaction for us in the industrial space.”

The transaction was closed on 8th October 2018.

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