Trasteel Trading Holding SA invests in Util, in partnership with DeA Capital Alternative Funds SGR

21 May 20240

UTIL is pleased to announce the new partnership for the development, growth and consolidation of the production base of Util Industries S.p.A.

The partnership involves the Idea CCR1 funds and the Flexible Capital Fund, both managed by DeA Capital Alternative Funds SGR,  and Trasteel, through the subscription of a capital increase for a total of €15 million. The operation was made possible thanks to the direct involvement of Roberto Signoriello, former general director of ITT Friction Technologies Fine Blanking Division and of Feintool Italia, nominated CEO of Util.

Util, founded in 1959, is among the leaders in Europe in fine blanking and one of the largest producers of plates for car brake systems. The group has over 400 employees in two facilities in Villanova d’Asti and Guangzhou, China, and closed 2023 with €79 million in revenues, an EBITDA of over €8 million, and €28 million of equity, including the capital increase. The company has been controlled by DeA Capital Alternative Funds SGR since 2019, which coordinated its restructuring and relaunch. The funds will be used to support the new business plan.

“I am proud and enthusiastic for this assignment and to share and promote with the shareholders Util Group’s new development and growth strategy, which includes a solid medium and long-term industrial plan,” stated the CEO of Util, Roberto Signoriello.

Vincenzo Manganelli and Federico Giribaldi, Managing Directors of DeA Capital Alternative Funds SGR, added: “The collaboration with Trasteel will allow Util to develop important synergies and know-how from both a commercial and a procurement point of view, strengthening the prospects envisaged in the industrial plan.”

Gianfranco Imperato, CEO of Trasteel, concluded: “We are happy to accompany DeA Capital Alternative Funds SGR and Roberto Signoriello on this important journey. Our entry into Util also establishes our entry into blanking processes, continuing the verticalization strategy of our group that began in 2020.”

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