Finproject

Ethica Corporate Finance advised Finproject shareholders in the sale of 49% of the company to the Xenon Private Equity fund through a Leveraged Buy-Out transaction.

Founded in 1965 by Euro Vecchiola, Finproject is today an integrated group operating in the production of compounds and in the molding of plastic materials in expanded polyolefins. Finproject is headquartered in Morrovalle (Macerata) and employs approximately 400 people in the plants located in Italy, Romania, Canada, India and China.

Franco Prestigiacomo, CEO of Xenon Private Equity, said: “Finproject is a technologically integrated and international group that has made continuous innovation its strong point developing innovative materials, process patents and its own brand; now the challenge is to continue, reinforcing the already excellent internationalization and affirming its expanded polymers and the XL EXTRALIGHT® brand in new fields of application such as rail and earth-moving machines”.