CONTACT | PRIVATE AREA
EN | IT
ALCEDO
Gimi
PRINT
close
COMPANY NAME:
Gimi
LOCATION:
Padova Italy
SECTOR:
Household durable goods
TRANSACTION TYPE:
Growth buy-out
STATUS:
Unrealised
INVESTMENT DATE:
2008
FUND:
greenALCEDO III

Gimi S.p.A. is a leading producer of  household durable goods, i.e. clothes dryers, ironing boards,  trolleys, stepladders, laundrybags.

GIMI, founded in 1970, has a 30% market share of clothes dryers in Europe, exporting more than 50% of its turnover worldwide.

Gimi acquired high efficiency and a strong vertical integration, which guarantees high margins and a strong pricing power on raw material sourcing. Gimi is also characterized by strong ability to source products  not produced in Italy from India and China, which reduce production costs while maintaining a strong quality control .

The Company has production plants in Monselice (Padova - Italy), and employs 160 workers.

The investment represents the acquisition of the Gimi majority stake in partnership with the Aksìa Capital III Fund, managed by Aksìa Group SGR.