DeA Capital Alternative Funds SGR and Trasteel Trading Holding SA have partnered to invest €15 million in Util Industries, aiming to enhance its production capabilities and growth strategy.

Information on the Target

Util Industries S.p.A., founded in 1959, is recognized as one of the leading companies in Europe specializing in fine blanking of steel. The company is a prominent manufacturer of brake support plates, a crucial component in the automotive industry. With a workforce exceeding 400 employees, Util operates two manufacturing facilities located in Villanova d’Asti, Italy, and Guangzhou, China. In 2023, the company reported revenues of €79 million, an EBITDA exceeding €8 million, and a net equity of €28 million, which includes a recent capital increase.

Since 2019, Util has been under the ownership of DeA Capital Alternative Funds SGR, which has overseen a significant restructuring process to revitalize operations. This partnership is further enhanced by the appointment of Roberto Signoriello as the new CEO, who aims to drive the company’s growth through a robust industrial plan designed for the medium and long term.

Industry Overview in Italy

The fine blanking industry in Italy has seen sustained growth, propelled by a strong automotive sector that demands high-quality precision parts. Italy boasts a rich manufacturing heritage, which has enabled companies like Util