Transaction details

Ethica Corporate Finance advised PM & Partners SGR in the sale of the majority stake in Vimec

Ethica Corporate Finance advised PM & Partners SGR in the sale to IGI SGR and Finint SGR of the majority stake in Vimec.

Founded in 1980 in Luzzara, in the province of Reggio Emilia, Vimec is leader for the production and marketing of systems for mobility and accessibility, such as stairlifts and elevators mainly dedicated to overcoming architectural barriers.

Angelo Mastrandrea, IGI’s Investment Manager and future chairman of Vimec, said: “We strongly desired the acquisition of Vimec with the aim of accelerating its development both on an organic level and through targeted acquisitions. We are aiming to strengthen the group’s presence in certain strategic markets, also through the opening of new branches and entering countries that are currently unmanned, but with solid growth expectations”.