Private equity firm to acquire Italian engine manufacturer (21 June 2013)

The Carlyle Group to buy Marelli Motori

The Carlyle Group says it plans to acquire Marelli Motori SpA for €212m from Melrose Industries PLC. Marelli Motori manufactures electric motors and generators for the marine industry as well as other industries.

The deal is expected to close in August. Carlyle Europe Partners III LP, with a fund of €5.3bn, makes investments in mid- and large-capitalization companies.

«Marelli Motori is an outstanding Italian company that, thanks to the quality and competence of its management, has gone through a process of true internationalization enabling them to gain recognition and a strong market position in all of the major international markets in which they operate,” said Marco De Benedetti, managing director and co-head of Carlyle Europe Partners, in a statement.

The engine builder reported 12 per cent growth in sales in 2012 to €149.1m, with an operating profit of about €19m.

«Following a period of investment and international expansion, Marelli Motori is now well placed for the next stage of its development under Carlyle’s ownership,” said Simon Peckham, chief executive of Melrose in the statement.

Melrose acquired the Italian company in 2008 as part of a £1bn deal for the engineering and manufacturing company FKI. (, 21 June 2013)

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