Bain Capital Private Equity, a global private investment firm which acquired Fedrigoni in 2017, has signed definitive documents with BC Partners, an international investment firm to enter into joint ownership agreement for Fedrigoni,
This new partnership, a combination of reinvestment by Bain Capital and investment from BC Partners, which results in a change of control of Fedrigoni to joint control between Bain Capital and BC Partners, will support Fedrigoni’s management team, aimed at geographical expansion; and product portfolio diversification.
“The whole Fedrigoni leadership team and I are thrilled to continue our very ambitious growth path in partnership with Bain Capital and BC Partners”, said Marco Nespolo, Chief Executive Officer of Fedrigoni. “The last 4 years have seen Fedrigoni undertake a very comprehensive and successful transformation, on product portfolio, geographic footprint, go-to-market, operating model, culture, and governance. This has been possible thanks to the great partnership with and strong support by Bain Capital. We look forward to sharing the next leg of the journey with an additional, very relevant investor and partner, whose trust makes us feel honoured”.
Fedrigoni has also embedded sustainability into its business strategy, including ongoing efforts to reduce its environmental impact and to support customers in tackling their transition towards ecological practices and an increasingly circular business.
The transaction is expected to close by the end of 2022, subject to approvals by relevant regulatory authorities.
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