Founded near Brescia in 1972, Phoenix is a European leader in the design, manufacturing and sale of aluminum extrusion dies for the construction, transportation and industrial markets.

With 8 production facilities in Europe, the U.S.A. and Middle East and over 700 employees, Phoenix posted 2018 sales of Euro 90 million.

This acquisition allows Ambienta, Europe's largest sustainability-focused investment firm, to enter the aluminum business.

It will support Phoenix to consolidate its international leadership and to pursue an international growth strategy.

Post-acquisition, Chequers Capital will retain a minority stake in the Company.