SICIT Group has been acquired by Renaissance Partners and TPG Rise Climate

Renaissance Partners and TPG Rise Climate have signed a binding agreement to jointly acquire a controlling stake in SICIT Group S.p.A., a global leader in the production of biostimulants, transforming residues from the leather industry into high value-added products for sustainable agriculture. Alongside Renaissance Partners and TPG, major co-investors in the transaction include LGT Capital Partners and Schroders Capital. Intesa Holding will also reinvest through a minority stake.

Founded in Chiampo, Vicenza, in 1960, SICIT is a pioneer and global leader in the production of biostimulants, operating a circular business model that transforms residues from the leather industry into high value-added products for sustainable agriculture. The company collects and processes leather production residues into plant and crop biostimulants, plaster retardants and fats for biofuel production, providing a strategically important service to the leather industry. Its portfolio includes animal-, seaweed- and plant-based biostimulants that enhance nutrient use efficiency, improve crop yield and quality and help crops withstand abiotic stress. SICIT also produces retardants for the plaster and plasterboard industry. The company serves B2B clients worldwide, including leading players in the global agrochemical industry, and generates more than 90% of its revenues from exports. Its offering is supported by strong R&D capabilities, continuous innovation and strict quality control. SICIT has an integrated, customer-centric approach, providing end-to-end support from pre-sale to post-sale.

Renaissance Partners is an investment firm focused on family-owned mid-market companies primarily headquartered in Italy. The firm invests across four areas: sustainability, information technology, healthcare and specialized industrials. Renaissance Partners manages more than US$3.3 billion in commitments and is invested in 12 companies with an aggregate turnover of approximately US$7 billion.

TPG Rise Climate is the dedicated climate investing platform of TPG, a global alternative asset management firm. With dedicated capital across private equity, transition infrastructure and the Global South, TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investment professionals worldwide, the strategic relationships and insights developed across TPG’s broad portfolio of climate companies and a global network of executives, advisors and corporate partners. As part of TPG’s US$28 billion global impact investing platform, TPG Rise Climate focuses on scaling climate solutions across areas including clean molecules and materials, clean electrons and negative emissions.

Oaklins’ team in Italy acted as the financial advisor to SICIT in the sale of a controlling stake.