Ethica Corporate Finance advised Toscotec shareholders in the sale of a minority stake to Synergo SGR
Toscotec is a global player in the design and production of ready-to-go plants and machinery, as well as in the supply of individual components and services dedicated to the paper and tissue industry.
The Group, based in Lucca, in 2015 reported over 100€M million in turnover, of which 90% abroad.
Alessandro Mennucci, shareholder and CEO, said: “Today, the Group has been able to strengthen its brand in terms of quality and reliability, becoming one of the main players in the global reference market. Thanks to this new synergy we will be able to further grow Toscotec and strengthen our activities worldwide “.