Progressio SGR invests in ATK Sports S.r.l.

Banca Aletti and Banco BPM were successfully involved in the transaction.

Progressio SGR, an independent private equity fund with a focus on “hidden champions” operating in market niches where Made in Italy represents a competitive advantage in terms of know-how and market positioning, has acquired a majority stake in ATK Sports S.r.l., a leading company in the production of bindings and accessories for ski mountaineering. The Indulti family, founder of the company, will remain in the capital with a minority shareholding and will maintain the operational leadership of the company with the appointment of Davide Indulti as Chief Executive Officer.

ATK Sports is a mechanical engineering company active in the development, design and production of ski mountaineering bindings and accessories for third parties and under its own brand (under the ATK Bindings brand) used by most athletes participating in the Ski Mountaineering World Cup and by ski mountaineering enthusiasts. The company, established in 1988 with the intuition and technical skills of Giovanni Indulti, is based in Fiorano Modenese in the mechanical engineering district, but over the years has been able to reach a global customer base and position itself as one of the leading players in the sector.

Progressio’s objective will be to support the company and its entrepreneurs in a process of development  that will focus on consolidating its competitive position in Europe, direct expansion into the USA and continuous research into innovative mechanical and technological solutions that can also be applied to adjacent sectors. The development plan may also include acquisitions with the intention of further complementing the offer.

Banca Akros acted as exclusive financial advisor to the seller.

Banca Aletti (Emilia-Romagna area) introduced and facilitated the transaction.

Banco BPM was successfully involved in the transaction, providing the acquisition financing package for the fund.

The transaction represents an example of cross-selling and cross-origination driven by an M&A deal and confirms the consolidation of the Group’s role as a key player in extraordinary transactions in the Italian mid-market.

Corporate Finance Mergers & Acquisitions Companies
Banca Akros
Corporate Finance Mergers & Acquisitions Companies

 

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