Exit of portfolio company PPM Industries S.p.A. to new strategic partner

AUCTUS completes exit of PPM Industries S.p.A. after approx. 3 years of investment

AUCTUS announces the exit of the Italian PPM Industries to Atlas Tapes, a new strategic partner. PPM is a major player on the European masking tape market with a consolidated turnover of over EUR 100 million.

PPM Industries, based in Brembate di Sopra (BG), Italy, has been active in high-quality masking and adhesive tape industry since 1993 and has production facilities in the UK and India, besides Italy, as well as a commercial branch in the US. Since the majority shareholding in 2022, AUCTUS, together with CEO and minority shareholder Matteo Pellegrini (member of the founding family), has supported the further business development of PPM successfully, promoted the transformation to a modern management and development of foreign markets.

Atlas Tapes is headquartered in Athens, Greece, and is owned by the third generation of the Lantzis family. Atlas is a leading Greek vertically integrated manufacturer of self-adhesive tapes with over 85% export. Atlas Tapes generated sales in excess of EUR 160 million in 2023.

“We firmly believe that, with Atlas as a strategic partner, PPM is exceptionally well-positioned to drive further growth and strengthen its leadership within the high-quality masking tape industry.”

Dr. Nicolas Himmelmann, Managing Partner at AUCTUS

“PPM represents a benchmark for successful collaboration between Italian entrepreneurial families and private equity investors, exemplifying how such partnerships can enhance a company’s core competencies and expertise while laying a solid foundation for its long-term growth and sustainability.”

Marco Bortot, Head of AUCTUS Italy

Matteo Pellegrini, PPM Group Chairman & CEO, who has significantly reinvested in the new project becoming shareholder of Atlas Tapes , explained:

“On behalf of all PPM employees, I am truly pleased to welcome Atlas as our new Partner, providing us with the opportunity to boost our untapped potential. In recent years, AUCTUS has proven to be not only a reliable and professional financial investor but also a valued partner with a clear and distinctive entrepreneurial vision. I would like to publicly thanks Dr. Ingo Krocke, Dr. Nicolas Himmelmann and all AUCTUS Italy team for the strategic support on our family business transition. We have become a truly managerial and international corporation ready to embrace a new path of growth and development.”

On the part of AUCTUS, the transaction was managed and executed by Dr. Nicolas Himmelmann, Marco Bortot, Francesco Novarese and Federico Vaudano.

The sellers were supported by ADVANT NCTM (Michele Motta, Giovanni de’ Capitani di Vimercate, Lucilla Casati, Bianca Macrina) and Pedersoli Gattai (Edoardo Pedersoli and Matteo Pietrogrande) as legal counsels. The acquiror was supported by Mediobanca as financial advisor, by Kyriakides Georgopoulos Law Firm and Baker & McKenzie as legal advisors, and by PWC on accounting and tax due diligence.

About Auctus

With over 420 investments in the last 23 years, AUCTUS is the most active investment company for European SMEs. Our investments focus on majority shareholdings in companies with annual sales of between EUR 10 million and EUR 150 million.

AUCTUS stands for sustainable organic growth, but also inorganic growth through acquisitions. We achieve this in a trusting partnership together with the management of our companies. We specialize in building successful medium-sized groups of companies - we make market leaders. The more than 35 experienced AUCTUS investment experts currently manage 50 platform investments from various sectors of the economy. The platform holdings, with a total of over 200 individual companies, generate annual sales of € 3 billion. Sales and earnings have been growing at >10% per year for years.

Our successful work is regularly rewarded with prestigious awards and top international rankings.

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