IGI to Be Acquired by Lifco AB in Strategic Move
Deal News | Mar 28, 2025 | Finance Community IT - 1 Corporate M&A
Lifco AB, a Swedish investment holding company listed on the Nasdaq Stockholm, is set to acquire a majority stake in IGI, a company based in Galazzano specializing in the production and distribution of elevator traction systems. The acquisition is expected to close by April 2025. Founded in 2014, IGI is recognized as a leading player in its sector due to its advanced technological offerings, such as gearless traction machines, MRL systems, dumbwaiters, and accessories. In 2024, it reported net sales exceeding €13 million and currently employs around 15 people. Mediolanum Investment Banking acted as the financial advisor for IGI, with legal advisement from LCA Studio Legale. For Lifco, the operation was overseen by M&A director Matteo Compagnoni, with legal aspects managed by CMP Law of Rome.
Sectors
- Investment
- Manufacturing
- Legal Advisory
Geography
- Sweden – Lifco AB, a Swedish company listed on the Nasdaq Stockholm, is acquiring IGI.
- San Marino – IGI, the target company in the acquisition, is based in Galazzano, San Marino.
- Italy – Italian entities such as CMP Law of Rome were involved in legal aspects of the transaction.
Industry
- Investment – Lifco AB is an investment holding company involved in the acquisition of companies, highlighting the investment industry focus.
- Manufacturing – IGI is a manufacturing company specializing in elevator traction systems, indicating a focus on the manufacturing sector.
- Legal Advisory – LCA Studio Legale and CMP Law provided legal services, representing the legal advisory industry.
Financials
- 13 million euros – Net sales of IGI in the year 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IGI | Target Company | Company | A producer and distributor of elevator traction systems based in San Marino. |
| Lifco AB | Bidding Company | Company | A Swedish investment holding company acquiring the majority stake in IGI. |
| Mediolanum Investment Banking | Financial Advisor for IGI | Company | Acted as the financial advisor for IGI in the acquisition process. |
| LCA Studio Legale | Legal Advisor for IGI | Company | Provided legal advisory services for IGI during the acquisition. |
| CMP Law | Legal Advisor for Lifco AB | Company | Managed the legal and contractual aspects for Lifco AB in the transaction. |
| Matteo Compagnoni | M&A Director for Lifco AB | Person | Oversaw the acquisition for Lifco AB. |
| Diego Selva | Director at Mediolanum Investment Banking | Person | Led the team at Mediolanum Investment Banking advising IGI. |
| Lorenzo Di Rosa | M&A and Debt Capital Markets Head at Mediolanum Investment Banking | Person | Responsible for M&A and Debt Capital Markets advisory at Mediolanum. |
| Mattia Varriale | Senior Manager at Mediolanum Investment Banking | Person | Part of the team advising IGI on the M&A process. |
| Alessandro Regolo | Associate at Mediolanum Investment Banking | Person | Supported the financial advisory team for IGI. |