Azimut Libera and HLD to acquire an 80% stake in Acciai from Xenon Private for $175m.

Azimut Libera, a private equity firm, and HLD, an investment company, agreed to acquire an 80% stake in Acciai, a manufacturer of high precision blades, from Xenon Private, a private equity firm, for $175m. “We are proud to carry on the path of development and growth of CBG Steel that in recent years has increasingly consolidated its position in the world of high precision blades. We believe ALI and HLD are the ideal partners to support the growth path we want to carry out both internally and through targeted acquisitions in Italy and abroad," Uberto Filippini Fantoni, Acciai CEO.