TIP-Pre IPO spa (TIPO), an investment company controlled by Italian-listed investment holding Tamburi Investment Partners, will buy a 14.29% stake in the shareholders capital of Finanziaria Mariano Guzzini spa (Fimag), the latter being the holding company of Italian indoor and outdoor lighting luminaries brand iGuzzini Illuminazione spa.
Founded in 1959 in Recanati (in the Center of Italy), iGuzzini, operates through its 20 subsidiaries around the world and two production plants (one in Italy and the second in China). The company is active in 64 countries and in 2013 reached 199 million euros in revenues of which 75% from export sales.
The acquisition will consist for the major part in a capital increase in order to finance the company growth both in italy and abroad. The closing of the deal is expected to be signed next January while the medium term target is listing the company on the Stock Exchange in a 5 years’ time.