Montefiore Investment, a pan-European private equity fund headquartered in Paris, has taken a majority stake in the Milani Group, an Italian leader in the design, installation, and maintenance of electrical and mechanical systems.
The company, founded in 1964 by Giovanni Milani and based in Osnago near Milan, has expanded its operations significantly over the years.
Under the leadership of Giovanni's children, Beatrice and Oreste Milani, the company has achieved substantial organic growth, surpassing 100 million euros in revenue and establishing itself as a key player in Italy.
The strategic partnership with Montefiore aims to further consolidate Milani's position as a specialist in the sector.
The Milani family will retain a significant equity stake, and the company will continue to be managed by Beatrice and Oreste Milani, supported by the current top management team, who will also invest in the operation.
Montefiore's involvement is expected to facilitate growth through acquisitions.
Recent notable projects by Milani include the electrical and mechanical systems for the Olympic Village in Milan's Porta Romana district, the UniCredit skyscrapers in Piazza Gae Aulenti, and the Starbucks spaces in Piazza Cordusio, as well as the new Gewiss Stadium in Bergamo.
The investment by Montefiore is subject to regulatory approvals.
Simone Rodi, director of Montefiore Investment, stated that the partnership is based on shared values and aligned visions, fitting perfectly with their investment strategy of collaborating with talented entrepreneurs and investing in human capital and digital transformation to develop national and European champions.
Advisors for the transaction included Pwc, Legance, Studio Vbm, Dla Piper, Kearney, Gpbl, Marsh, E&Y, and Bip.