H.I.G. WhiteHorse and Tikehau Capital Complete an Investment in Savio

H.I.G. WhiteHorse and Tikehau Capital today announced it has reached an agreement for a joint investment of 85 million of Euros in Notes issued by Savio Group controlled by Alpha Private Equity.

With 2016 revenues in excess of 346 million of Euros, almost entirely realized in foreign markets, and over one century of history, Savio operates worldwide with production plants in Italy, China, India, Belgium, Germany and Switzerland. Its leadership position has been achieved thanks to continuous focus on research and development, extreme flexibility and high quality standards.

The transaction will enable H.I.G. and Tikehau Capital to support Alpha Private Equity in the development of the Company and further expansion at global level, in a highly technological industry.

Guido Lorenzi, Director of H.I.G. WhiteHorse, has commented: “This transaction confirms H.I.G. WhiteHorse willingness to invest in Italy supporting leading companies and its ability to originate proprietary transactions. Thanks to the joint effort with Tikehau and Alpha Private Equity, we believe we can support the next stage of development of the Company”.

Luca Bucelli, Country Head of Tikehau Capital in Italy commented: “This transaction is a further demonstration of Tikehau Capital’s willingness to invest in Italy and support the development of local companies with tailor made capital solutions.  Savio has an extremely strong technological know-how and management team. We are delighted to invest in Savio alongside H.I.G. and Alpha Private Equity and we believe we can effectively support the next stage of development of Savio.”

Valentina Pippolo, Partner of Alpha, has commented: “As Alpha, we have always been committed in targeting highly-technological companies with leading positions in their reference markets and strong international exposure, supporting their management teams in developing growth strategies and fostering global expansion plans also through financial resources”

Essentia has acted as Debt Advisor for Alpha Private Equity.

H.I.G. e Tikehau Capital were assisted by Studio Legale Gattai, Minoli, Agostinelli and Partners while Alpha Private Equity has been assisted byPedersoli Studio Legale.