Jean-Yves Bourgeois, European Correspondent12.12.18
The FSI Mid-Market Growth Equity Fund and the Moretti family have announced the signing of an agreement for the acquisition of an interest in Lumson S.p.A. At closing, Lumson will be 65% owned by the Moretti family and 35% held by FSI. The investment includes a capital increase and a convertible bond. Post transaction, Lumson will have no financial indebtedness and a sound capital structure to pursue its growth plan.
The seven-person Board of Directors will include Remo Moretti, as honorary chairman, Matteo Moretti, as chairman, Paolo Valsecchi, as CEO, Giovanni Broggiato, as vice chairman and CFO, Marco Tugnolo, investment director at FSI, and Carlo Bozotti, industrial partner at FSI and former CEO at STMicroelectronics.
As a reminder, this year, Lumson officials inaugurated their new plant in Capergnanica near Crema, south of Milan. This investment allows the Italian company to double its production of pumps and therefore reinforce its autonomy and its development in airless systems, among others.
The Lumson Group, which employs some 5
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