Faster S.P.A, a leading company in hydraulic coupling solutions, to be acquired by Capvis
Faster S.p.A, a leading global manufacturer of quick-release hydraulic coupling solutions based in Rivolta d'Adda/Italy, will be acquired by Capvis. Capvis agreed to acquire Faster from Argan Capital, a leading independent European private equity fund. The transaction is subject to approval by antitrust authorities. Faster's current CEO, Roberto Zecchi, and the senior management team will remain with the company and will invest alongside Capvis.
Founded in 1952, Faster introduced its first quick-release couplings in 1978. Today, Faster is recognized as a market-leading manufacturer of quick-release hydraulic couplings and multi-couplings for agricultural and construction equipment. With a state-of-the-art production facility at its headquarters in Rivolta d'Adda, near Milan/Italy, and assembly operations as well as sales representations in Pune/India, Ohio/United States, Shanghai/China and São Paulo/Brazil the company is active on a global basis.
With the support of Capvis, the management will seek to further expand Faster's international footprint, while continuing to drive growth through new product introductions and continued expansion into new end markets.
Eric Trüeb, Partner of Capvis, comments: "Faster clearly fits to our strategy of investing in global niche market leaders. Through continued innovation and a commitment to providing top-quality solutions to the world's leading agricultural and construction equipment OEMs, Faster has established itself as the brand for quick-release couplings. We are very excited to have the opportunity to work with Roberto and his team to take the company to the next level in its evolution."
Roberto Zecchi, CEO of Faster, confirms: "We are enthusiastic about the opportunity to work with the Capvis team to further develop the business. We see tremendous opportunities to further leverage on our technical expertise and to take advantage of the positive long-term trends in our core markets. Capvis is the right partner to achieve our goals."
Capvis is the leading private equity firm in Switzerland and one of the most active investors in German-speaking Europe. Capvis invests primarily in leading medium-sized companies. It aims to support management teams in releasing entrepreneurial potential and achieving new levels of excellence. Since 1990 Capvis has completed 46 transactions with a total volume of more than EUR 5 billion. Capvis has floated nine companies on stock exchanges and has repeatedly been voted Switzerland's and, in 2013, also Germany's best private equity firm by the international financial press. Capvis is currently advising Capvis Equity IV L.P. with a volume of EUR 720m. Faster represents the second investment of the fund after Swiss-based VAT Holding AG.
About Faster S.p.A
Based in Rivolta d'Adda, Italy Faster S.p.A. develops and manufactures a wide range of quick-release hydraulic couplings and multi-coupling solutions for medium- to high-pressure applications. Faster has 407 employees, located at its headquarters in Rivolta d'Adda/Italy as well as in Pune/India, Ohio/North America, Shanghai/China and São Paulo, Brazil.
For more information, please contact:
Capvis Equity Partners AG
Phone: +41 43 300 58 58
Phone: +41 43 300 58 38