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News
18 jun 2010
Termoindustriale has been acquired by Argos Soditic
Termoindustriale is an engineering company active in the design, planning and installation of biomass co-generated plants fueled with vegetable (palm oil, colza oil) and animal oils. The company is the market leader in Italy in terms of number of plants installed and is well known for the high quality and timeliness of its service.
The Pan-European private equity fund Argos Soditic has acquired 70% of the share capital through a full equity Management Buy Out transaction. The management team retains a 30% stake.
Arietti & Partners, the Italian team of M&A International Inc., originated the deal and advised the vendors throughout closing.
Walter Brovia, shareholder and CEO, commented: “We retained Arietti & Partners as our exclusive advisor for this complex transaction. Their contribution has been crucial for the success of the deal”.