(Finance) – First Capitala financial holding company specializing in Private Investments investments in Public Equity and Private Equity, has invested, through the newly created and 75% controlled First Gen vehicleeuro 4 million in Bruno Generators Group (“BGG”), active in the design, production, distribution and rental of premium range power generators and light towers for medium-high power.
With 4 plants in Italy and commercial offices in the UK, USA and Germany, BGG boasts a consolidated international presence (exports equal to over 60% of turnover) in more than 70 countries with a large and heterogeneous customer base active in markets of diversified reference. For 2022, a turnover of over 120 million euros is expected, with an Ebitda of around 30 million euros.
The investment in BGG took place in the context of the partnership with Space Capital Club (“SCC”), the private capital investment platform owned by some of the main Italian family offices and by some institutional investors. SCC acquired, through a specific vehicle owned by the Club Members, including First Gen Srl, 40% of the share capital of BGG, as part of a
reorganization of the family shareholding.
The objective is to support the further international development of the group (with particular attention to the North American and Australian market) and to accompany the company to listing on the stock exchange in the coming years.