3i has sold Novotema International to AXA Private Equity
Funds advised by Private Equity firm 3i and management have sold 100% of their shares in Novotema International S.p.A. (“Novotema”) to AXA Private Equity for an undisclosed amount.
Novotema, based in Villongo (Bergamo, Italy), is a developer and manufacturer of high precision, mission and safety critical rubber sealing solutions for a variety of end markets. Novotema partners with its customers to develop completely tailored sealing solutions, including customized gaskets, membranes diaphragms, leap seals and o-rings. Novotema is well-recognized for its technical leadership and the proven quality of its products, underpinned by its outstanding know-how and solution-oriented R&D function. The company has a staff of 160 qualified employees.
3i acquired Novotema in July 2003 and appointed a new Management team. Selected milestones during this period include the add-on acquisition of a local competitor, the market entry in India through a JV, the diversification of its customer base, as well as a successful debt and corporate restructuring.
3i is a leading European Private Equity firm that provides capital for equity participation to successful businesses. 3i has Euro 14.7 billion total assets under management and 113 core portfolio companies. Benefiting from investment expertise, sector knowledge and relationships, 3i is an active partner for its portfolio companies. 3i is listed in the London Stock Exchange and has offices in 13 countries across Europe, Asia and the Americas.
AXA Private Equity is a leading European Private Equity firm, with Euro 21.8 billion total assets managed or advised. With offices in Paris, Frankfurt, New York, Singapore, Milan, London, Zurich, Vienna and Luxembourg AXA Private Equity is committed to supporting companies in their long term growth by providing access to its international network.
Lincoln International was mandated by 3i and Management as exclusive financial advisor for the sale of Novotema.
View More Transactions
Lincoln International advised Wind Point Partners on the acquisition of Central Moloney Incorporated
Lincoln International has advised EMZ Partners on the sale of ASSEPRO to The Ardonagh Group
Lincoln International advised LEBC Holdings on its agreement to sell Aspira Corporate Solutions to Titan Wealth
Lincoln International advised Scheybeeck on the sale of a majority stake in BUKO Traffic & Safety to Equistone
Lincoln International advised Rivean Capital on the sale of ELCEE Group to Torqx Capital Partners
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.