H.I.G. has acquired Berardi Bullonerie Group with financing provided by OLB, Credit Agricole, Deutsche Bank, Banca Ifis and Equita

Berardi Bullonerie

Based in Bologna, Italy, Berardi Bullonerie S.r.l. is the leading Italian player in the distribution of fasteners and the supply of integrated logistics services with a 2021 turnover of approximately €100 million. Since its foundation in 1919, Berardi has been the key partner of Italian industrial companies for the just-in-time supply of standard and custom fasteners and, more recently, for the design and implementation of integrated logistics kanban programs. Berardi boasts a wide geographical presence, with 14 warehouses located throughout the country and commercial offices in Italy, Croatia and Morocco. In the last decade, Berardi has successfully embarked on an ambitious path to expand the product range in adjacent segments within the c-parts sector and has been a pioneer in Italy in the introduction of advanced integrated logistics solutions through its own kanban platform, becoming the reference player in the market in terms of quality service levels and offer breadth.

The Deal

H.I.G. European Capital Partners, a leading global private equity firm, acquired a majority stake in Berardi with the objectives to grow the company organically and through add-ons to consolidate the highly fragmented Italian market. Lincoln International acted as a debt advisor for H.I.G. The transaction has been financed through senior loan provided by OLB, Credit Agricole, Deutsche Bank and Banca Ifis, and mezzanine provided by Equita.

Our Perspective

Daniele Candiani, Managing Director in Lincoln‘s Capital Advisory Group, commented, “With our deep experience in the Italian financing market, Lincoln assisted H.I.G. to find, with a strict timeline, the most adequate financing package, including senior and junior facilities, to acquire the company.”

H.I.G European Capital Partners

H.I.G. is a leading global alternative investment firm with over $47 billion of equity capital under management, with a focus on the small-cap and mid-cap segments of the market. H.I.G. specializes in providing capital to small and medium-sized companies, playing a significant role in helping to unlock the value potential therein.

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