Sacs Tecnorib opens capital: 32% to Nuo
No change in the governance of the nautical company, which aims to grow both internally and externally
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Key points
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Sacs Tecnorib, an Italian company specialising in the construction of maxi inflatable boats and a world leader in the sector, is preparing to grow, both internally and externally, thanks to the partnership it has just entered into with Nuo, an investment holding company founded by the Pao Cheng family (head of The world-wide investment company limited, Hong Kong's oldest family office), joined by the Guerrand family and the support of Exor (the Agnelli family's financial company).
Nuo enters with a minority stake, 32%, in the company's capital, by virtue of a transfer of shares to the fund by the shareholders of the nautical company, which was created in 2021 from the merger of Sacs and Tecnorib (the latter licensor of the Pirelli and Pzero brands for inflatable boats).
Magni retains control of the company
.As part of the agreement, Matteo Magni will continue to maintain control of the company, with a stake of over 50%, and governance will also be in continuity, with the involvement of the two founding partners: Magni himself, who will assume the position of CEO, in addition to his current role as chairman, and Giovanni De Bonis, who will remain on the board of directors and will be responsible for developing and enhancing the relationship with Pirelli, 'which remains,' says Magni, 'one of the cornerstones of our growth strategy.
Sacs Tecnorib, which generated revenues of 70 million euro in the last financial year, over 70% of which was export, with an annual growth rate (cagr) of 25% in the last three years, produces the Strider and Rebel maxi-ribs and, under licence, the Pirelli-branded speedboats. With the new partnership, explains Magni, the company is looking 'at further development in the long term'.
Three pillars of development
.The objective, he adds, is to move, with the new partner, 'around three main pillars: redefinition of organisational processes from an ESG perspective; availability of risk capital, available to support internal and external growth; and a network of contacts and knowledge, worldwide, that also derive from the families that support Nuo. We are confident that this partnership will generate great value and steer us towards a new level of international competitiveness'.
