Emmeti

Exited PM&Partners II

Producer of energy efficient heating, sanitary water distribution, thermo-hydraulic and air conditioning systems for residential use

INVESTMENT RATIONALE
  • Broad range of components for the heating systems, thermo-hydraulic and air conditioning markets
  • Unique distribution network of installers in the Italian market
  • Strong international growth potential with increasing coverage of high-growth markets (Russia, CEE, China and Brazil)
  • Low customer concentration, diversified product lines and vertically-integrated production
Shareholding
PM&P: 65.0 %
Founders & Management Stake: 35.0 %
Industry
Heating & plumbing systems
SALES
133.9 €M
EBITDA (2015)
17.0 €M
EBITDA Margin
12.7 %
Website

Our investments