Quadrivio taps third fund for TFM deal as it nears €250m target
Quadrivio has made the third deal from the €250m-targeting buyout fund it is currently raising by picking up a 60 per cent stake in TFM Automotive & Industry.
The business is one of the main European producers active in manufacturing high precision machined components for the automotive, cycle, and oil and gas sectors.
TFM achieved €52m of consolidated revenues last year thanks to significant international exposure in Europe and in USA, Quadrivio said.
A statement from Quadrivio investment director Nicola Pietralunga and senior investment manager Roberto Giudici said ,”We are proud for the acquisition of TFM. The company fully matches our investment criteria thanks to its market niche leadership.”
AltAssets reported in August that Italy-based Quadrivio had held a €200m interim close for its third private equity fund, three quarters of the way to its €250m target.
The firm has about €1.2bn of assets under management and is active across private equity, venture capital, energy, funds of funds, impact investment and private debt.
Quadrivio said Private Equity Fund 3 will be focused on buyout investments in leading Italian SMEs with an enterprise value of €30m to €100m.