Fyeld Expands Under New Private Equity Ownership

Deal News | Dec 06, 2024 | Finance Community IT - 3 Private Equity

Fyeld Expands Under New Private Equity Ownership

Hyle Capital Partners has sold the majority of its stake in Fyeld, a rapidly growing agricultural machinery company, to White Bridge Investments, a private equity company known for driving growth through external acquisitions. Hyle Capital sees continued potential in Fyeld and will remain as a minority partner, furthering the industrial project that began in June 2022. The change in ownership aims to facilitate further growth, utilizing the expertise of Fyeld's management team under the leadership of CEO Massimo Zubelli and President Livio Marchiori. White Bridge Investments has a history of growth in this sector after acquiring companies like Guaresi, Grim, Hortech, Kult, and Toselli, helping Fyeld's revenues to surge from €20 million to a projected €70 million. The deal involved numerous advisors including Ethica Group for M&A, and law and financial experts such as Hogan Lovells and KPMG. The future strategy focuses on exploiting synergies identified both domestically and internationally, boosting Fyeld's response to the rising global demand for agricultural mechanization.

Sectors

  • Agricultural Machinery
  • Private Equity

Geography

  • Italy – The deal and the primary operations of both Hyle Capital Partners and Fyeld take place in Italy.

Industry

  • Agricultural Machinery – This sector is relevant to Fyeld, as they are involved in the production and sale of machinery that supports agricultural activities.
  • Private Equity – White Bridge Investments is operating within this sector by acquiring stakes in companies to drive growth and value creation.

Financials

  • 130 million euros – The size of the fund managed by Hyle Capital Partners, focusing on the agro-food supply chain.
  • 70 million euros – The projected revenue for Fyeld in the current year.

Participants

NameRoleTypeDescription
Hyle Capital PartnersSelling CompanyCompanyA private equity firm that managed a €130 million fund focused on the agro-food supply chain.
White Bridge InvestmentsBidding CompanyCompanyA private equity holding involved in numerous growth projects through external acquisitions.
FyeldTarget CompanyCompanyAn agricultural machinery company that has seen rapid revenue growth and expansion in recent years.
Ethica GroupM&A AdvisorCompanyProvided M&A advisory services to Hyle Capital Partners.
Hogan LovellsLegal AdvisorCompanyProvided legal advisory services for the sale transaction.
KPMGTax Due Diligence AdvisorCompanyConducted tax due diligence for the transaction.
PriceWaterhouse CoopersFinancial Due Diligence AdvisorCompanyHandled financial due diligence for the deal.
ERMESG/HSE AdvisorCompanyProvided environmental and social governance consultancy.
Massimo ZubelliCEO of FyeldPersonExecutive leader of Fyeld's management team.
Livio MarchioriPresident of FyeldPersonPresides over Fyeld's management and operations.