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Italian SF Fitex Capital, founded by Daniele Schiavello and Giulio Marini, has acquired Napolillo Industry, an industrial laundry company specializing in hotel supplies in Rome. Investors supporting the acquisition include Kinderhook Partners, Istria Capital, SFClub, Cerralvo Capital, Search Fund Capital, JB46, Agirax, Forti Search Fund Partners, Innesto Partners, Juergen Rilling, Jan Woitschätzke, Gernot Eisinger and Vito Giurazza, among others. The vendor has reinvested part of the sale proceeds into the investment vehicle through Napolillo Holding. The acquisition was financed through leveraged financing from Illimity and Anima Alternative, covering 40% of the required funds. Gernot Eisinger, Enrico Arietti, and Haris Khan will join the board of directors.
Headquartered in Rome, Napolillo Industry provides industrial laundry services to over 400 hotels, resorts, and spas, including prestigious clients such as Bulgari Hotel, Six Senses, and Hassler. Their services include collection, sorting, washing, ironing, folding, and delivery, and they are well recognized for their high-quality standards. They also offer rental services for accommodation facilities and restaurants, as well as logistics with storage solutions. The company has experienced remarkable growth over the past five years, closing 2023 with a turnover of €11M and an EBITDA of €4M. In 2024, they expect revenues to reach nearly €14M, with an EBITDA exceeding €5M.
Daniele Schiavello commented: “We are impressed by the work done by the Napolillo family, and the excellence of the service necessary to serve the most important facilities in the city, as well as a management ability that has made the company solid and ready for further growth.“
The Napolillo family, with its long experience in the sector, will bring a strategic vision and a solid network of contacts. “We needed a partner to face the growing challenges of the market,” Michele Napolillo points out. “As a family we will maintain an operational role to guarantee the highest quality standards to which we have accustomed our customers in over 40 years of history, while Daniele and Giulio will bring different experiences that will be useful to structure the company towards the goals we have set ourselves“, he concludes.
Giulio Marini, explained: “The group’s development points will be focused on technological innovation and environmental sustainability. The new company will strive to integrate cutting-edge solutions, such as automated systems and eco-friendly processes, to ensure not only a high-quality service, but also a reduced environmental impact.“
Vendors: M&A Advisor: Marco Polo Advisor / Tax : MLS / Legal: Squire Patton & Boggs
Fitex: Legal: Gianni & Origoni / FDD: Epyon Consulting / Tax DD: Eptalex
