AXA Private Equity Buys RollOn Group

AXA Private Equity has acquired a 51.8% stake in RollOn Group, an Italty-based maker of guides and actuators used in machine design applications for railways and other industries. No financial terms were disclosed.

PRESS RELEASE

AXA Private Equity has acquired a 51.8% share in the ROLLON Group, a leading international linear motion manufacturer based in Vimercate, northern Italy. ROLLON provides linear guides and actuators used in machine design applications for railways and other industries, including plant assembly, packaging design, transportation, manufacturing and medical device development. AXA Private Equity’s expertise in the European market and strong global network will help ROLLON develop its business internationally.

ROLLON’s management team has invested alongside AXA Private Equity in the transaction, acquiring a stake of around 5%, and Consilium SGR, an Italian independent private equity player, has acquired a minority stake in the company through its Consilium Private Equity Fund (“CPEF”).

Paolo Bergonzini, Managing Director and Head of the LBO Small Cap Italian team at AXA Private Equity commented: “We are proud to announce our investment in this leading linear motion company, which has the high potential for growth both in Italy and in Europe”.

Eraldo Bianchessi, the ROLLON Group’s CEO, said: “I am very happy to welcome AXA Private Equity as a new majority shareholder. It will be able to assist us significantly in our further development, thanks to its organization and strong international network”.

The ROLLON Group, established in 1975, has subsidiaries in Germany, France, the Netherlands and the US, and employs 200 people. The existing management team, which has extensive experience in multinational companies operating in the same industry, will continue to run the business. Rollon has continuously developed its international sales, now accounting for around 80%, with Germany being the main market. In 2009, the company posted revenues of around EUR 30m with good operating margins. The expected development over the next few years will be based on exploiting the synergies between the various application sectors and on the growth in the US.

ABOUT ROLLON

The ROLLON Group, which is headquartered in Vimercate, northern Italy, manufactures medium precision linear rails (compact and telescopic) for application in many sectors such as railways, aeronautics, logistics, packaging, machine tools and medical equipment, supplied mainly to OEM customers. The Group’s large variety of key markets and broad client base constitute a real strength for next years’ growth. ROLLON’s offering is characterised by high quality standards, pre-sales support and product customisation, features well known and appreciated by its customers, especially the foreign ones, to which more than 80% of its production is addressed.

ABOUT AXA PRIVATE EQUITY

AXA Private Equity is a leading private equity firm with US$25 billion in managed assets and a global reach extending across Europe, North America and Asia. The firm offers investors the full spectrum of private equity services for every market segment: direct funds, infrastructure financing, mid cap and small cap buyouts, venture capital, co-investments, fund of funds as well as mezzanine financing.

With offices in Paris, Frankfurt, New York, Singapore, Milan London, Zurich and Vienna, AXA Private Equity supports the development and long-term growth of its portfolio companies with sustainable growth strategies and by granting them access to the AXA international network. AXA Private Equity has earned the trust of its investors by regularly supplying them with transparent performance data on its funds and portfolio companies.