Koinos Capital acquires majority stake in Lapi to create thermoforming hub

Zest Fitprime is third exit of 2024 value of 4

(Finance) – Koinos One – private equity fund of Koinos Capital SGR, an independent multi-strategy investment company – has acquired the majority of Lapione of the main Italian operators active in the computerized thermoforming of durable goods and industrial components.

In line with its buy & build entrepreneurial approach, with the entry into Lapi Koinos Capital SGR starts the creation of a new center in the computerized thermoforming sectorgrowing and evolving. The development plan underlying the project includes a five-year investment program aimed at increasing Lapi’s production capacity and competitiveness, also at an international level, as well as encouraging aggregation – in Italy and abroad, with particular attention to Spain , France and the United States – of further companies specialized in materials and/or market segments not yet covered by the company.

The acquisition took place through the sale of shares held by members – Vaifro and Piero Campanini and Lorenzo Baldi – and the simultaneous reinvestment by Dimitri Campanini, son of one of the founders and Sales Manager of Lapi, who will continue his career in the company.

Founded in 1989 in Barco di Bibbiano (RE), Lapi creates – in its three production plants – components with numerous applications in multiple industrial sectors, including special vehicles, agriculture, earthmoving, logistics, industrial machinery and medical. The company, with a team of more than 80 people and more than 150 customers, closed 2023 with a EBITDA of approximately 3 million euros. Furthermore, in the period 2012-2023, Lapi grew at a CAGR of approximately 6%, demonstrating its strong resilience to the various economic cycles that have occurred over the years.

“The acquisition of Lapi represents a new, important stage in our journey, because it gives us the opportunity to start a further aggregation project in an interesting and growing sector – he comments Marco Morgese, CEO of Koinos Capital SGR – This operation, the fifth completed by the Koinos Uno fund, is entirely in line with our entrepreneurial approach, aimed at creating and growing excellence in fragmented industrial sectors with high potential. Furthermore, today we also add an important focus in the ESG field, as in the due diligence phase the main evaluation criteria have already been applied in line with the B-Corp requirements and the path to obtain this certification in the shortest time has been undertaken possible”.

tlb-finance