Milan, 18 October 2022 – Koinos Capital SGR announces the acquisition of a majority stake in Rosa Ermando S.p.A., one of the leaders in the designing and manufacturing of flat grinding machines with two proprietary brands (Rosa and Favretto).
Riccardo and Fabrizio Rosa, sons of the founder Ermando Rosa, will reinvest in the newco and retain a 30% stake in the company. Riccardo will continue to manage the company, alongside Luigi Maniglio, manager with a long-lasting experience in the sector.
Founded in 1964, Rosa has its main offices near Milan and serves customers active in moulding, mechanics, and engineering. The company has a turnover of about €20 million, with a market share in its domestic market in excess of 50%, a high profitability and a cash-conversion of about 70%. The critical success factors are both the products standardization leaving the customization phase at the end of the production and the control of the production process.
Based on a business model which leverages on recurring revenues coming from a large installed machines portfolio, the vision of Koinos is that of strengthening the after sales division, together with a geographical expansion through a buildup program of competitors in key strategic regions, in line with Fund Koinos Uno investment strategy.
Riccardo Rosa, CEO of Rosa Ermando S.p.A. and Vice President of UCIMU says: “we are very pleased to have Koinos Capital as a partner, a fund with a strong industrial and entrepreneurial DNA. Together with my brother Fabrizio we are sure that they will support us in the next phase of our growth. In this complex moment for the world and for the Italian industry, having new capital and new skills on board will allow us to seize the opportunities that will be offered by the changes underway, such as the reconfiguration of supply chains and the return of many productions to the European and Mediterranean area, natural markets of expansion for Rosa Ermando”.
Beppe Fumagalli, Chairman of Koinos Capital, adds: “we are excited about this new deal following the acquisition of Tre Zeta and Platum. In one year Koinos has dictated the pillars of its industrial aggregation strategy in the Made in Italy sectors with some of the most interesting prospects. Together with Riccardo and Fabrizio Rosa, the skills of the Koinos team, and the sector know-how of Luigi Maniglio, we will further optimize the potential of Rosa Ermando S.p.A., a jewel in the panorama of Italian SMEs, also through significant growth in international markets where there are great opportunities for development”.