Progressio SGR, through its private equity fund Progressio Investimenti IV, has acquired 100% ownership of Officine S. Giacomo, a historic Italian producer of mechanical presses. The acquisition is marked by a management buy-in that transitions the company from entrepreneurial to managerial leadership. This milestone is part of a generational succession plan, with former shareholders Renzo Carniel and Renzo Secco fully divesting their stakes. Officine S. Giacomo, which has a 60-year legacy in manufacturing mechanical presses for various applications, aims to leverage Progressio’s support for managerialization and international expansion with a focus on sustainability. The progression aligns with Progressio Investimenti IV’s strategy targeting mid-market sectors including Lifestyle, Healthcare, Industrial & Mechanical, and others. This is the fund’s second deal post its January 2024 investment period commencement, following Archiva Group in March. Essential advisors and financial structures participated, ensuring comprehensive due diligence and successful transaction execution.
Private Equity, Industrial & Mechanical, Financial Services,Italy, Europe, North America
PROGRESSIO SGR INVESTS IN OFFICINE S. GIACOMO, HISTORICAL PRODUCER OF MECHANICAL PRESSES