One Equity Partners (OEP), a middle market private equity firm, has made a minority investment in agricultural tractor attachment equipment maker CBM. Financial terms of the private transaction have not been disclosed.
Founded in 1967 by the Cornia Family and headquartered in Modena, Italy, CBM is specialises in designing and manufacturing systems for coupling, towing, and lifting implements predominantly for agricultural tractors, with products ranging from three-point linkages, trailer hitches, and pick-up hitches, to hydraulic power lifts.
CBM employs approximately 1,800 individuals and operates six manufacturing sites across Italy, Poland, India, and China.
Banco BPM, BPER Banca, through its Corporate & Investment Banking Division, Crédit Agricole Italia and the IMI CIB Division of Intesa Sanpaolo acted as Mandated Lead Arrangers and Underwriters in financing Tigre SpA, a new special purpose company incorporated under the laws of Italy controlled by OEP and the Cornia Family. Banco BPM acted as Security and Facility Agent. The Mandated Lead Arrangers and Underwriters received legal advisory from the legal firm Legance – Avvocati Associati.
