Sacs Tecnorib sells minority stake to investment firm

Sacs Tecnorib, an Italian Maxi-RIB specialist, has sold a minority stake to Nuo, an investment holding company backed by international investors.

The agreement involves maintaining the governance structure, with Matteo Magni retaining majority control and continuing as both president and CEO.

The firm has not shared the financial details of the agreement. Leading Italian financial paper Il Sole 24 Ore reports that Nuo has acquired a 32 per cent stake in the firm by a transfer of shares to the fund.

Sacs Tecnorib was founded in 2021 after a merger of Sacs and Tecnorib. The company achieved a production value exceeding €70m in its last financial year, with over 70 per cent of its output destined for export. Over the past three years, Sacs Tecnorib has reported a compound annual growth rate (CAGR) of 25 per cent, driven by international expansion and a diversified product portfolio that includes the Strider and Rebel ranges as well as the Pirelli Speedboats brand under license.

The partnership with Nuo aims to strengthen Sacs Tecnorib’s leadership in the European market while advancing its international strategy, particularly in the United States. It also opens the possibility for growth through the acquisition of complementary brands.

“We are thrilled to announce this partnership, which we believe will deliver significant value and elevate our competitiveness on a global scale,” says Matteo Magni, president and CEO of Sacs Tecnorib. “This milestone reflects the passion and dedication we have poured into building a great company, as evidenced by our ability to attract prestigious investors like Nuo to partner with us on our journey. Together, we will continue to embrace new opportunities and strengthen our ability to innovate while remaining committed to delivering excellence for our customers, driving significant growth, and leading the industry forward.”

Tommaso Paoli, CEO of Nuo, adds: “We are honoured to partner with Matteo and Giovanni in this ambitious venture to establish Sacs Tecnorib as a global leader. This collaboration reflects our commitment to investing in companies with strong growth potential and visionary leadership. Matteo’s clarity of purpose, determination, and collaborative spirit impressed us deeply. Nuo will leverage its expertise and network to support the company in its international expansion, governance, and M&A operations, enabling the team to realise their long-term aspirations.”

The transaction was supported by Clearwater as M&A advisor for Sacs Tecnorib. Legal and contractual matters were managed by DLMS for Sacs Tecnorib and by Chiomenti for Nuo. Due diligence was conducted by EY for financial matters and Gitti and Partners for tax.