ThermoKey

Fineurop Soditic acted as exclusive financial advisor to the shareholders of Investo Uno in the sale of a majority stake of ThermoKey to private equity firm IGI SGR S.pA. 

Investo Uno is owned by Berrier Capital, led by Alberto Craici, as well as entrepreneurs Giorgio and Giuseppe Visentini and Giuseppe Patriarca.

Founded in Rivarotta (UD) in 1991, ThermoKey is active in the HVAC-R (Heating, Ventilation, Air Conditioning & Refrigeration) sector and has been manufacturing air heat exchangers (coils and radiators) and ventilated units (Dry Cooler, Unit Cooler and Condenser) for over 30 years. 

The Company employs more than 200 employees and in 2023 reported consolidated revenues of approximately Euro 60 million (+20% over 2022) and an EBITDA of more than Euro 8 million.

IGI, with the support of LGT Capital Partners and BNP Paribas BNL Equity Investments as co-investors, will support ThermoKey in strengthening its position in the conditioning sector in Europe by pushing for higher penetration in the energy & process cooling and IT cooling sectors, developing more structured commercial agreements with OEM channel as well as improving its presence in the refrigeration sector.