Chequers Capital takes over 100% of MTA from the founding families
Banca Akros acted as exclusive financial advisor to the purchaser
Together with the company’s management team, Chequers Capital is pleased to announce that it has finalised the acquisition of a 100% stake in MTA S.p.A. (MTA) from the members of the founding families. MTA is a leader in the Heating, Ventilation, Air Conditioning and Refrigeration (HVAC&R) market for a wide variety of applications.
Established in 1982 and based in Tribano (Padua), MTA operates three production plants strategically located in the Veneto District of Industrial Air Conditioning and Refrigeration. The company is active in all stages of the production process. MTA’s products have an excellent reputation for their high quality, customisability and cuting-edge technology. With more than 30 models in its product portfolio, MTA is able to meet the needs of customers in the industrial refrigeration, air conditioning and drying markets.
Over the course of its history, MTA has developed an extensive worldwide commercial presence in more than 80 countries. Today, through its sales subsidiaries, the company has a direct presence in Germany, France, Spain, the United States, Australia and Romania. Furthermore, in order to maximise its commercial exposure, MTA has developed relationships with major global distributors. In 2018, MTA generated €83.2 million in revenues, around 80% of which were generated outside Italy.
The is testament to Banca Akros’ role as a key player in the mid-market M&A segment in Italy and as a partner of the main private equity funds active in the mid-cap segment.