H.I.G. Capital News
H.I.G. European Capital Partners Italy S.r.l.
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H.I.G. Capital Sells Texbond, a Leading European Producer of Specialty Nonwovens to Quadrivio Group
MILAN – July 16, 2021 – H.I.G. Europe (“H.I.G.”), the European affiliate of H.I.G. Capital, a leading global alternative investment firm with more than €36 billion of equity capital under management, announced the sale of Texbond (the “Company”), a leading producer of specialty nonwovens, to Quadrivio Group. Founded in Rovereto (in the Trentino region, northeast of Italy) in 1988, Texbond specialises in polypropylene nonwovens for specialty applications, mostly for the hygienic, personal care and construction industries.
With the support of H.I.G. and thanks to significant investments in research and development, Texbond has strengthened its international position and is today one of the main European operators in the production, of highly customized man-made spunbond fibers for specialty applications, with a strong focus on sustainability and environmentally friendly solutions. The constant attention to process innovation and the modernization of production plants have made it possible to achieve a very high level of production efficiency and quality of the products offered to its customers.
Raffaele Legnani, Managing Director and head of H.I.G. in Italy, commented: “We are very proud of what we have achieved together with Texbond management. In particular, we have transformed a family business into a more professionally managed company; supported, through careful R&D, the renewal of the product portfolio; upgraded the production lines; and improved the environmental sustainability of the Company.”
Cristina Parisi, Managing Director of Texbond, added: “The partnership with H.I.G. was integral to the growth of Texbond. The industrial investment made and the strong focus on R&D, have allowed the completion of the industrialization of a new family of products for the hygiene sector.”
Founded in Rovereto (in the Trentino region, northeast of Italy) in 1988, Texbond is a leading European producer of specialty polypropylene nonwovens. With a plurality of sectors served, including hygienic, medical, construction, automotive and agriculture, the Company specializes in providing “niche” customized solutions to its customers by assisting them in the process of technical and technological development.
H.I.G. is a leading global private equity and alternative assets investment firm with over €36 billion of equity capital under management.* Based in Miami, and with European offices in London, Hamburg, Madrid, Milan, Paris, and U.S. and Latin American offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. Capital has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of €30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.