The Benelli Presse Group is to list on alternative trading platform NPEX, the Netherlands-based alternative trading facility. The business is aiming to raise 15 million euros ($18.8 million) from private and institutional investors across Europe to finance its expansion plans. Benelli Presse Group is a holding group of companies manufacturing industrial presses. The company is majority owned and financed by CEO Diner Sovilla. It also has some private equity backing.
Benelli Presse Group announced today it will seek a listing for part of its shares on the NPEX, the Netherlands-based alternative trading facility. Benelli Presse Group is aiming to raise 15 million euros ($18.8 million) from private and institutional investors across Europe to finance its expansion plans.
Benelli Presse Group is a holding group of companies manufacturing industrial presses and includes the brand names Benelli, Emanuel and Attrezzeria Paganelli, brands with a proud history and heritage with customers across the globe.
Having solidified its market position in Italy with the recent takeover of Attrezzeria Paganelli, Benelli Presse Group is looking to expand its market share through takeovers of Italian companies with a turnover in excess of €15 million, a strong market position in Europe and a brand name with a good reputation.
Benelli Presse Group operates under Dutch law and is based in Amsterdam, one of Europe’s leading financial centres. CEO of Benelli Presse Group is Mr. Diner Sovilla (36), who has extensive experience in the market for industrial machinery, says: “Italy is the second largest producer of industrial presses in Europe. But in Italy, the market is very fragmented, and many companies are not managed as well as they can be. Combine that with the current economic climate, and it becomes clear that there are many very interesting companies ready to be acquired by an entity with the right entrepreneurial spirit. With the recent acquisition of Attrezzeria Paganelli in Milan, we have shown what we’re capable of. Now it’s time to build Benelli Presse Group into a European market leader, servicing industrial clients all over the world. There is great interest from clients in Turkey, Russia and other countries. Acquiring companies with manufacturing facilities will give Benelli the possibility to fulfill the demand. Within five years the turnover of the group is expected to reach a level of € 130 million.”
The listing process is developed and co-ordinated by Atrium International Boardroom Consultants, an international boutique corporate strategy and corporate finance firm. Mr. Dirk Gijze, CEO of Atrium says: “Benelli Group is breaking new ground in the search for financing. After European Die Casting Group, Benelli Presse Group is the second company in a short time seeking a listing on the NPEX. In the current economic climate, attracting funds through a listing on the NPEX is a suitable way for companies like Benelli. Throughout Europe, medium-sized companies, even with skilled management and a viable strategy have a hard time attracting funds from banks.”
The Nederlandsche Participatie Exchange (NPEX) is an alternative trading platform regulated by the Dutch financial services authority (AFM) and the Dutch Central Bank (DNB). Mr. Adriaan Hendrikse, CEO of NPEX, says: “We are very pleased to welcome Benelli Presse Group to the NPEX. The NPEX offers companies all the advantages of trading at an alternative trading facility, but more cost efficient. Our web-based trading platform allows investors to trade their shares seven days a week, 24 hours a day. A fast-growing company like Benelli Presse Group should feel right at home at the NPEX.”