30 Oct Star Capital sells fixing and fastening company
Star Capital SGR S.p.A. and the minority shareholders sold a majority stake of Gia S.p.A., an Italian producer of fixing solutions for the ITS industry, to Ethica Global Investments S.p.A.
Established in 1978 in the Novara region of Italy, Gia is a leading designer, producer and distributor of patented fixing and fastening solutions. Over the years, the company has expanded its product portfolio that is comprised of 5 main families today: radiator fixings, sanitary fixings, pipe fixings, industrial fixings, and solar panel fastenings.
In 2012 Star Capital, a management company of closed-end funds focused on investments in small and medium sized Italian companies, invested in GIA S.p.A., acquiring a 68.3% stake from the founding shareholders for an undisclosed amount.
Clairfield International acted as exclusive financial advisor to Star Capital.