CMS, based near Vicenza, is focused on rolling machines, hairpin machines, and presses for the heating, ventilation, air conditioning, and refrigeration sectors.
Founded in 1988, CMS boasts an installed fleet of more than 3,000 machines in over 40 countries worldwide, 2 production centers, over 200 active customers and 2 subsidiaries, one of which in the USA.
In 2022, CMS recorded a turnover of Euro 25 million.
The purchase was funded through a mezzanine bond underwritten by Equita private debt fund and Alantra private debt fund.
Additionally, bank financing was provided by illimity Bank, Imprebanca, and the Merito SGR private debt fund.
The deal represents the second add-on of Astraco Capital Holding with Crippa and SMI with the aim of creating an industrial platform.