Transaction details

Ethica Corporate Finance advised Opera SGR, Quadrivio SGR and the founding families in the sale of Phoenix International

Ethica Corporate Finance advised Opera SGR, Quadrivio SGR and the founding families in the sale of the Phoenix International group to the private equity fund Checkers Capital. As part of the transaction, some top managers in Phoenix have reinvested in a minority stake.

The Phoenix Group, founded in 1972 in Bergamo, is the European leader in the design, production and sale of aluminium extrusion molds. The Group employs over 500 employees in production plants in Italy, Romania, Spain, the Netherlands and Germany.

Checkers Capital commented: “Phoenix is ​​a good example of Italian technological and manufacturing excellence. We are keen to invest and ready to support the group in its growth strategy to further pursue operational efficiency”.

Roberto Rusticelli, Phoenix’s CEO, said: “Thanks to our long-lasting relationships with our customers, we can continue international expansion, through strengthening in markets with a low penetration rate, as well as entering markets with a high strategic value such as USA”.