|A fund of Credem Private Equity has acquired a majority stake in graphic design business Galeati Industrie Grafiche, Italy.|
|Target Company Name||Galeati Industrie Grafiche|
|Buyer Name / MBO Team / MBI Team||Credem Venture Capital fund|
Credem Private Equity, through the Credem Venture Capital fund, has acquired a 60% stake in graphic design business Galeati Industrie Grafiche in a management buyout.The management has been reappointed with Savio Sangiorgi as chairman and Gian Carlo Ricci Petitoni as managing director. Former managing director Maurizio Espositio has been appointed vice-chairman.
The company, founded in 1816, specialises in providing services covering the entire printing cycle. In 2007 the company reported a turnover of EUR 15m with an EBITDA margin in excess of 20%. The business projects a 10% turnover increase in 2008.
|ICFG Office||Milan, Italy|
|ICFG Advisory||ICFG Milan advised the buyer in 2008.|