European diversified private equity firm AXA Private Equity has acquired a stake of 82.4% in Novotema Group, a Villongo (Bergamo), Italy-based rubber component manufacturer, from 3i.
The company’s management team also invested, acquiring the remaining 17.6% of the business.
Founded in 1973, the Novotema Group currently employs 178 staff and generates the majority of its revenues in
Germany (approximately 51%). The current management team will continue to manage the company after the investment from AXA Private Equity.
Led by CEO Costanzo Pederzani, Novotema Group has years of experience and research in the field of technical rubber items. It plans to grow increasing sales and its market presence, both in Italy and abroad, mainly in emerging markets.
FinSMEs
04/07/2012