The Italian Growth Fund purchases 26.6% of Industrie Saleri Italo
The number of investments held by the Italian Growth Fund in medium-sized Italian companies increases. The fund, managed by Quaestio Capital Sgr, has in fact signed an agreement for the purchase of a 26.6% stake in Industrie Saleri Italo (Sil), a leading company in Europe in the design, development and production of cooling systems for combustion, hybrid and electric engines for the automotive industry.
The operation has come about through a 23 million Euro capital increase, 15 million Euro of which will be subscribed for by the Italian Growth Fund and 8 million by the Saleri family, the founders, who control the group, which, following the operation will hold 73.4% of the share capital. The new resources will contribute to and help accelerate development plans as well as facilitate the evaluation of strategic acquisitions which will be implemented to consolidate the product range and strengthen global geographical presence.