Home » The brass bar sector, Intesa Sanpaolo leads the share reorganization of Gnutti Cirillo

The brass bar sector, Intesa Sanpaolo leads the share reorganization of Gnutti Cirillo

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Stock reorganization in one of the main brass bar manufacturing companies in the province of Brescia. Control of 100% of the capital of Gnutti Cirillo – a group based in Lumezzane founded in the 1950s – passes into the hands of Giuliano Gnutti, an entrepreneur who already held 50% of the shares and who takes over the remaining shares from his brother Giordano. Intesa Sanpaolo he led a pool of banks also composed of Banco Bpm, Bper, Mps Capital Services, Cassa Centrale Banca and Bcc di Brescia to finance the operation. Anima Alternative also “supported the acquisition, by structuring and disbursing a long-term subordinated loan”. Following this operation, the top management intends to strengthen the international presence of the group, which can already count on a production plant in Michigan, in the USA.

The Gnutti Cirillo group, founded in 1951 by the Gnutti family, is today among the first in Italy in the hot forging and mechanical processing of brass and other non-ferrous metals, with applications in the world of industry and plumbing; boasts a consolidated annual turnover of approximately 200 million and a consolidated EBITDA of approximately 30 million. In 2020, explains a note, “the group achieved more than 60% of its turnover abroad and, together with its 660 employees, demonstrated the ability to adapt to the context deriving from the spread of Covid-19, continuing its path of growth”.

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“Having taken part in this operation, which is fundamental for the reference area, demonstrates the commitment and support that Intesa Sanpaolo, through the skills of the Imi Corporate and Investment Banking Division, has recognized and intends to recognize to all types of client companies: from large industrial groups, to financial institutions, to medium-sized enterprises “, commented Mauro Micillo, head of the Imi Corporate and Investment Banking division of Intesa Sanpaolo, who” strongly supported Giuliano Gnutti for the vision on the future that the entrepreneur has explained in its business plan “.

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For Giuliano Gnutti himself, president and CEO of Gnutti Cirillo spa, “the transaction consolidates the corporate governance and the consistency of the Group’s industrial development lines, laying the foundations for the further strengthening of our presence on international marketsi».

The Gnutti group represents »an Italian excellence in its sector and we are very pleased to support Giuliano Gnutti in this new phase of development of the group – said Philippe Minard, CEO of Anima Alternative -. Our financing to support the group clearly exemplifies Anima Alternative’s vocation to support, with flexible instruments, entrepreneurs or investors in their business ».

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