The independent private equity firm IGI Private Equity acquires 73% of OME Metallurgica Erbese, Stampinox and Hexagonal (hereinafter “OME” or the “Group”), leading companies in the production of fastening systems for the Oil&Gas and Power Generation sectors. The Farina family, in addition to maintaining a minority shareholding through the family holding company ANIRAFA, will remain involved in the management of the Group, committing itself to supporting its ambitious growth plan, which includes strengthening the management team and exploring external growth opportunities.
The shareholders of OME were assisted by Equita K Finance, the Italian partner of Clairfield International and part of Equita Group, as financial advisor and by Nctm, Studio Sala and Studio Porta for the legal and tax aspects.
IGI was assisted by PwC for the financial aspects, by Leoni Corporate Advisors for the business due diligence, by Molinari e Associati for the legal aspects, by Di Tanno Associati for the fiscal due diligence, by Golder Associates for the environmental due diligence and by Kilpatrick Group for the human resources aspects.
The financing of the transaction was organised and structured by Intesa Sanpaolo, the agent bank, and by BPER and Crédit Agricole assisted by the law firm Dentons.
Founded in 1949 by Vincenzo Farina (father of the current shareholders Diego, Carlo and Filippo), OME Group produces and markets fastening systems for special applications in the Oil&Gas and Power Generation sectors. Thanks to IGI’s entry into the capital, the Group will continue its growth path by opening up to new markets and the use of its products in further sectors (such as aeronautics).
OME Group closed 2020 with a turnover of approximately Euro 45 million and an EBITDA of 20%.
IGI is an asset management company specialised in investing in the capital of small and medium-sized companies, typically Italian, through Leveraged Buy-Out transactions.
OME Group is the third investment in the fund (IGI Investments VI) that IGI launched in 2020 and for which it has raised approximately Euro 170 million.
The Farina brothers declare: “We are very satisfied and enthusiastic about this transaction, which will ensure the growth of the company with a new shareholder with whom we have outlined future development opportunities and with whom we share common territorial roots and values such as dedication to work and an attitude of continuous improvement. Although in the context of a process of managerialisation, the Farina family will remain actively involved in the management of the company”.
Matteo Cirla, CEO of the IGI Private Equity fund, said: “We are honoured to be the new shareholders of the OME Group and to be able to work with the Farina family and all the employees for the future of the company. The investment in OME fits perfectly into the investment strategy of the IGI Investimenti Sei fund to facilitate the management transition and expand the international presence, also through possible acquisitions”.