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Friday, 14 July 2017 15:41

Execution of the sale of Dynamic Technologies S.p.A.

Milan, 13 July 2017.

 On 13/07/2017 MPVenture 2 fund, executed the sale of its shareholding in Dynamic Technologies SpA to an entity controlled by ARDIAN North America II fund.

The investment of MPVenture 2 was part of a wider transaction aimed at the purchase by Dynamic Technologies  of the entire share capital Bend All Automotive Inc., with the strategic view to create a leading player in the production of fluid-handling systems, specialized in the automotive market.

The combination of the two companies has been successfully completed, achieving significant product diversification, a worldwide manufacturing footprint, cross-selling opportunities and a well-balanced customer base. In 2016, the turnover of Dynamic Technologies Group  was above Euro 240 mln vs Euro 120 mln before the investment of MPVenture 2 fund.

With the sale of Dynamic Technologies, MPVenture 2 fund successfully completed its fifth divestment.