On 8th November 2021, 21 Investimenti SGR S.p.A. (“21 Invest”) signed an agreement to acquire a controlling stake in Zanzar S.p.A. (“Zanzar” or the “Group”). As part of the agreement, the founding entrepreneur along with the top management team will retain their current roles and will also reinvest in the business.
Established in 1985 by Mr Angelo L’Angellotti and headquartered in Grottaglie (Taranto, Italy), Zanzar is the market leader in the Italian insect screens’ segment also thanks to the acquisition strategy, pursued over the years, which allowed the Group to develop a complete set of solutions for the window space, including also roller shutters, technical blinds, pergolas and awnings.
In 2021, the Group is expecting revenues of approx. €80m with an EBITDA of approx. €15m, projecting a solid growth profile with strong profitability
21 Invest is a leading investment firm led by Alessandro Benetton, based in Treviso (Italy) with offices in Italy, France and Poland and a long-standing experience of 25+ years of investments in the international mid-market.
With the support of 21 Invest, Zanzar enters a new stage of growth focusing on organic initiatives as well as visible M&A opportunities to consolidate the Group’s products’ portfolio and international positioning:
The signing of this transaction confirms (i) the leading role of Mediobanca in supporting Italian mid corporates in their partnerships with top-tier mid-market PEs, (ii) the Mid Corporate team capability to identify Italian excellences and assist entrepreneurs in their development and (iii) the synergies between corporate investment banking and private banking in providing a 360 degree service to family owned businesses.