DeA Capital Alternative Funds SGR and Trasteel Trading Holding SA have teamed up to enhance the production capabilities of Util Industries S.p.A., a European leader in fine blanking of steel. Through this partnership, Idea CCR1 and the Flexible Capital Fund, managed by DeA Capital, alongside Trasteel, have subscribed to a capital increase totaling €15 million. Roberto Signoriello, formerly of ITT Friction Technologies Fine Blanking Division and Feintool Italia, has been appointed CEO of Util. Founded in 1959, Util Industries employs over 400 people across two plants in Villanova d’Asti, Italy, and Guangzhou, China. The company ended 2023 with €79 million in revenues, an EBITDA of over €8 million, and an equity base of €28 million. Managed by DeA Capital since 2019, Util has undergone significant restructuring and revival. The new funds will support a robust industrial plan aimed at medium-to-long-term growth. The managing directors of DeA Capital and Trasteel underscore the strategic synergies expected from this collaboration, enhancing both commercial and procurement advantages. Legal consultants Chiomenti and Gemma, Provaggi, De Andr assisted in the transaction.

Private Equity, Steel Manufacturing, Automotive,Italy, China

Trasteel Trading Holding SA in partnership con DeA Capital Alternative Funds SGR investe in Util Industries, tra i leader in Europa nella tranciatura fine di acciaio