Ethica Corporate Finance advised Chequers Capital, one of Europe’s leading private equity funds, in the sale of Phoenix International to Ambienta SGR.
Founded in 1972 and headquartered in Verdello, Italy, Phoenix is the European leader in the design, manufacturing and sale of aluminium extrusion dies for the construction, transportation and industrial markets, with a complete portfolio of products and a focus on complex and technologically advanced dies.
Under its three years tenure, Chequers has since closely worked with the management to grow Phoenix into a global leader, by increasing revenues over 30%, both through solid strategic initiatives aimed at capturing market share organically.
Roberto Rusticelli, CEO of Phoenix International, commented: “Over the tenure of Chequers, Phoenix has grown from its solid foundation as a South European leader to become the undisputed world leader in the dies market through acquisitions in Germany and the US and the development of a greenfield plant in the MiddleEast. The management team is increasing its share in the new transaction led by Ambienta, with Chequers reinvesting as well. We are very well positioned to further consolidate our market share in Europe and expand in the US and Middle East markets.”