Alto Partners SGR – which promotes and manages private equity funds that invest in the capital of small and medium-sized Italian companies, through the Alto Capital IV fund, has signed the contract for the purchase of 70% of the capital of Millefili Spa.
The fund be joined by the entrepreneur Daniele Selleri with 5%; the remaining 25% will go to Millefili Shares, whereby the CEO is Gabriele Galli, the son of the company’s original founder.
Millefili Spa specialises in the production of fine yarns for knitwear and is one of the main European players in the production of fine yarns. The company has seen growth in recent years that has enabled it to achieve in 2017 a turnover of 61.5 million euros.
Pedersoli Studio Legale assisted Alto Partners SGR with a team led by Equity Partner Alessandro Marena. The team also included Counsel Francesca Leverone and Associate Elisa Bertoni.
The Founder of Millefili, Francesco Galli and the other vendors, were assisted by BLF Studio Legale. The team included M&A expert and Partner Giuseppe Forni, Associate Giovanni Ludergnani.
Stefano Gori represented the shareholders, while the accounting and tax aspects were curated by Studio Serantoni e Associati, including Alessandro Bonazzi, Andrea Mioli and Michele Scalisi.