Double acquisition for HAT: the Firms
Milan, 13 June 2023 – HAT SGR, an independent asset management company, announces two new acquisitions by Primat – participated by HAT SGR through the HAT Technology & Innovation Fund 4 together with Tendercapital – a leading Italian company in the supply of advanced technological services for the processing of fasteners (screws, bolts and other fasteners) mainly in the automotive sector.
In particular, Primat enters the capital of the American company Curtis Metal Finishing with a 65% controlling stake alongside the private equity fund HCI Equity Partners IV, which retains a significant minority shareholding, and acquires from Emanuele Mascherpa S.p.A. 97.5% of the capital of Vi.Pi.Effe Pen, with shareholder Luca Pin retaining the remaining minority stake. Primat’s entry into the two companies creates the world’s largest fastener processing technology services group with expected revenues of €150 million and presence in North America, Brazil and Europe.
HAT was assisted in the financing aspects by Orrick with Marina Balzano and Leopoldo Esposito.
Emanuele Mascherpa S.p.A. and Luca Pin were assisted in the sale by Studio legale Pavia e Ansaldo with a team comprising partner Alberto Bianco and associate Martina Bosi.
The transaction was financed by Crédit Agricole Italia S.p.A. acting as mandated lead arranger and agent bank, BPER Banca S.p.A., Intesa Sanpaolo S.p.A. and Cassa di Risparmio di Bolzano S.p.A. assisted by Legance with Guido Iannoni Sebastianini, Tommaso Bernasconi, Beatrice Zilio, Giulia Oradei and Federico Liberali.