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Ambienta to invest in Italian energy efficiency company Tattile

5 Nov 2012

Environmental-focused private equity firm Ambienta
 has
 agreed 
to 
invest 
in 
Tattile, a 
provider
 of 
energy
 efficient
 
industrial 
and 
traffic
 management 
processes.


Based 
in 
Mairano, Italy,
 Tattile
 
serves 
OEM 
clients
 globally
, generating 
50 per cent of its
 revenues 
abroad.

It develops, produces
 and
 markets
 machine
 vision
 and
 custom
 electronic
 systems
 for use in
 industrial
 automation,
 traffic
 management
 and
 railways.

Clients include include 
Autostrade
per
 l’Italia,
 Coesia 
Group, 
Sick,
 Applied 
Materials, Ansaldo 
Breda
 and
 Stadler.

Following
 a 
period 
of 
growth
 from
 2005 
to
 2008, the
 business
 experienced 
a 
number
 of
 challenging 
years
 through
 the 
crisis.

These 
challenges,
 driven 
by
 both 
internal
 and
 external
 factors, 
have
 now 
stabilised, it said, 
with
 consistent 
revenues
 and
 strong 
margins.

The 
investment 
by
 Ambienta
 is 
a
 key
 step 
in
 the
 continued 
reorganisation
 and
 re‐launch 
of
 Tattile, according to the firm.

Ambienta
 will
 provide 
the 
financial 
and 
management 
resources 
to 
consolidate
 the 
company’s position
 and 
leverage
 opportunities 
for 
growth,
 both 
organically
 through new
 customer
 wins
 and
 through 
acquisitions. Following the investment, Corrado 
Franchi
 will
 become 
CEO
 of
 the
 company.

Ambienta 
partner 
Mauro
 Roversi said, “Tattile 
presents
 a 
compelling
 opportunity
 to 
support 
a
 globally 
competitive 
“made
 in 
Italy”
 company 
with 
outstanding
 growth 
prospects 
in 
both 
domestic 
and 
international 
markets.”

The
 transaction
 will
 entail 
a 
significant 
cash 
injection 
into 
the
 company, he said, as well as 

the 
purchase 
of 
shares
 from
 existing
 shareholders.

Ambienta 
will take 
a
 70 per cent
 stake 
in
 the 
company.

The firm 
has
 also
 committed additional
 funds 
to
 pursue 
external
 growth
 projects 
arising 
in 
pursuit 
of 
its
 strategy.
 The 
remaining
 share
 capital
 will 
be 
held
 by
 the 
new 
CEO
 and
 by
 a
 group
 of
 existing
 shareholders 
headed
 by
 the
 Bandini
 family.

Ambienta is the largest European private equity fund focused on the growth environmental sector.

Ambienta I Fund, with commitments of €217.5m, has to date completed nine investments in areas including energy efficiency, pollution reduction, renewables, recycling, and primary resource management. 

Earlier this year AltAssets reported that the firm was gearing up to launch its second environmental fund.

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