The shareholders of VSP Bulloneria SpA (VSP) have sold a 80% stake in the company to Arcadia Sgr, an Italian private equity firm focused on mid-corporate investments, for US$15 million.
Marco Polato, second generation of the founding family, will retain a minority stake of 20% and will continue to lead the company as Chief Executive Officer. With the support of the new shareholders, VSP aims to consolidate its leadership position in the high-strength bolts segment and to strengthen its market penetration both in Italy and abroad. VSP was established in 1978 and is now a leading producer and distributor of high resistance fastener solutions for the energy, construction and industrial manufacturing sectors.
Arcadia Sgr is an Italian private equity firm focused on mid-corporate investments. Arcadia invests in unlisted small and mid-sized companies in need of replacement and management development and/or looking for expansion capital.
Oaklins' team in Italy advised the seller in this transaction.
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