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Nicoletta Nutrito joined Novastone Capital Advisors (NCA)’s ETA program in late 2022, bringing over 20 years of experience in engineering for global corporations in operations, supply chain management, and logistics. Her search focused on Italian companies in the manufacturing sector, and this week she successfully acquired Mecavit, with a moderate debt ratio. Various SF “serial” investors participated in the acquisition, including Alza Capital Partners, and the sellers have also reinvested in the project. This is the 1st deal accomplished in Italy for NCA, and the second one this year, following the acquisition of Dante Alighieri Training Agency by Monforte Capital Partners in the first quarter of 2024. Additionally, there are 2 more deals about to close, demonstrating the frenetic activity of the Italian SF market this year.
Founded in the 1980s by Bruno Carafa and located in Castel Guelfo di Bologna, Mecavit manufactures standard unified screws and custom-designed screws in high-resistance carbon steel and stainless steel for industrial sectors. 60% of their production is destined for the foreign market, primarily for industries in the European Union, Russia, and other non-European countries. Their main sectors include mechanics, aeronautics, automotive, and household appliances. The company employs more than 40 professionals and generates around €14M in sales with a strong EBITDA, approximately a 20% margin.
Nicoletta explained there were 3 key drivers that drew her to Mecavit. “Number one is that the screws are used across many applications, segments, and countries, so that leaves a lot of room to adjust from a risk perspective. The second is the values of the owners: not only have they invested in state-of-the-art equipment for their factories, but also in regards to the way they take care of their employees and factory workers by providing the best possible working conditions. There is a true family spirit. And the third is the potential given the massive wealth of knowledge and technical know how that is already present.”
Legal: Baldi & Partners – Avvocati e Commercialisti / DD: Grant Thornton
