Announced

Azzurra Capital to acquire a 25% stake in Proger for €222.4m.

Synopsis

Azzurra Capital, an international private equity firm, agreed to acquire a 25% stake in Proger, an engineering company, for €222.4m. “We are very pleased to become a partner of Proger and contribute significantly to its future growth in terms of size and profitability. Over the years, Proger has demonstrated rapid growth, creating value for shareholders.” We are pleased to become a partner of Proger and contribute to its future growth in terms of size and profitability. Over the years, Proger has demonstrated its ability to grow rapidly, creating value for shareholders. Our investment in Proger aligns with our investment criteria: excellent profitability, a leading position in their operating segments, a high-quality entrepreneurial and management team with whom we share objectives and interests, and a well-diversified business with a significant Italian and foreign presence. We believe that our partnership with Proger will be successful, providing excellent returns for all shareholders,“ Stefano Marsaglia, Azzurra Capital Investments CEO.

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MergerLinks - Azzurra Capital to acquire a 25% stake in Proger for €222.4m.