Progressio Investimenti II Fund has completed its acquisition of Garda Plast. Garda Plast a producer of preforms in PET for mineral water, soft drinks and detergents.
Established in 1996 by the Tonoli Family, due to their extensive experience in the mineral water sector as bottlers, Garda Plast quickly emerged as a leading player in the domestic and European markets of preforms. The strong know-how built over the years and the high-tech production facilities guarantee a high quality level that represents one of the key success factors in such a competitive industry.
Progressio, established in 2005, is a private equity firm focused on Italian SMEs. It is an independent company, entirely owned by the management team and led by Filippo Gaggini (Managing Partner), Angelo Piero La Runa (Partner) and Nino Mascellaro (Partner). The investment strategy aims to invest in “hidden champions” in market niches where Made in Italy is a competitive advantage in terms of know-how and market positioning. The goal is to support the portfolio companies in a value creation path through organic growth, M&A strategy, and meanwhile strengthening the management organization.
Cebile Capital serves as Progressio’s private placement agent for the Progressio Investimenti III Fund.
