MILAN, 29/05/2025 – A new strategic operation for MECH-I-TRONIC: Three Hills, Azimut Libera Impresa, and HAT announce their entry into the industrial group with a total investment of €105 million. At the same time, the group has extended its credit line by an additional €75 million, also thanks to the involvement of CDP, Crédit Agricole, and Banca Sella.
The investment was led by Three Hills, contributing €75 million, alongside HAT and Azimut Libera Impresa SGR with €15 million each, through the funds HAT Technology 5 and AZIMUT ELTIF – Private Equity Ophelia. This operation follows the €7 million already invested in 2023 by the Azimut Group via the AZ RAIF I – YHOX fund, launched together with Electa Ventures.
The new investors enter with minority stakes in Groupack Holdings, the financial holding company of MECH-I-TRONIC, while the governance remains unchanged, with Marco Giovannini confirmed as Chairman.
In addition to the capital injection, MECH-I-TRONIC optimized its financial structure by increasing the existing credit line to approximately €155 million, provided by a banking pool including BNL, Banco BPM, Deutsche Bank, CDP, Crédit Agricole, and Banca Sella.
Marco Giovannini commented: “Today, we can count on around €200 million to continue our growth journey, aggregating entrepreneurial excellence worldwide, aiming to reach consolidated revenues of over €400 million by the end of 2026.” The Chairman added that the project aims to create “a federation of companies and a club of entrepreneurs, integrating solutions, intelligent systems, and data to become a global leader in smart manufacturing.”
With these new resources, the group intends to accelerate growth both organically and through acquisitions, synergies, and expansion into new international markets, targeting revenues of approximately €500 million by 2028.
The business model foresees that each company maintains its identity and continues to be led by the entrepreneur, who reinvests a significant share directly into the holding.
Marco Anatriello of Three Hills highlighted the solidity of the partnership and its long-term potential, while Pietro Muzio of Azimut Libera Impresa emphasized the commitment to promoting solid and future-oriented industrial platforms. Ignazio Castiglioni of HAT SGR confirmed support for the growth and consolidation strategy in the mechatronics and automation sector.
Deal Advisors
Groupack was assisted by Meti Corporate Finance (financial advisor), Bonn Steichen & Partners (legal advisor), and Deloitte (financial vendor due diligence). The investors were supported by OC&C (business due diligence), Alvarez & Marsal (financial due diligence), ERM (ESG due diligence), and the law firms Giovannelli e Associati, Legance, Orrick Herrington & Sutcliffe, and Loyens & Loeff.
We are confident that this new chapter represents a solid starting point to continue developing the MECH-I-TRONIC project, step by step achieving all set goals, surpassing new milestones, and contributing concretely to innovation in the mechatronics sector.
