December 2007

Eidos Partners announces the closing of the secondary buy-out of FASTER by private equity fund Argan Capital.

Based in Rivolta d’Adda (Cremona, Italy), FASTER (www.faster.it) is the global leader in the design, manufacture and sale of quick-release couplings and multi-connectors used in hydraulic power systems. The main applications of these products are currently related to the agricultural and construction equipment machinery sectors. Quick-release couplings are attached to equipment machinery like tractors, combine-harvesters, sprayers, fork-lifters, diggers, toe-loaders and cranes in order to enhance their efficiency. Revenues in 2007 are expected to be approximately €60 million.

FASTER Group was sold to Argan Capital by shareholders led by private equity fund Efibanca Palladio Finanziaria. Following the transaction, Argan Capital will own more than 80% of FASTER, while Massimo Arosio and management will own a minority stake.

 

 

 

Efibanca Palladio Finanziaria is the independent management company for two private equity funds – Star Social Responsible Fund (Eur 100 million) and Star Bridge Social Responsible Fund (Eur 70 million), with financial commitments from institutional investors, mainly international (for example Allianz, LGT, Auda). EPF, based in Milan, is focused on investments in Italian mid-cap companies. The EPF team of 5 professionals is headed by Marco Gazzaniga.

Argan Capital
(www.argancapital.com) is an independent private equity fund focusing on acquiring and developing European mid-cap companies. With offices in London, Milan, Paris and Warsaw, Argan Capital seeks to acquire companies in the industrial, services and consumer sectors, creating value through active ownership and focus on revenue growth, improvement of core processes, industrial transformation and international development. The Argan Capital team comprises 12 professionals and has developed a particularly strong presence and portfolio of investments in Italy, France, the Nordic countries and Central Europe.

Eidos Partners (www.eidospartners.com) is an independent investment bank focused on the design, definition and realization of mergers, acquisitions and disposals of companies, on quotations on the stock exchange, on debt advisory services and on corporate financial restructurings. Eidos Partners’ mission is to provide the highest-quality financial and strategic advice to Italian companies and to other international companies and entities operating in Italy. Eidos Partners is part of the Close Brothers Network.

 


Transaction Type
Sale

Sector
Advanced
Manufacturing

John Andrew
Partner
Tel. +39 02 8597 9286
john.andrew@eidospartners.com

Stefano Bellavita
Partner
Tel. +39 02 8597 9237
stefano.bellavita@eidospartners.com

Andrea Foti
Associate Partner
Tel. +39 02 8597 9277
andrea.foti@eidospartners.com

Luigi Cutugno

Analyst
Tel. +39 02 8597 9229
luigi.cutugno@eidospartners.com