Innova Investments Acquires Majority Stake in I.L.C.

Innova Investments, a private equity firm known for organizing club deals, has acquired a majority stake in I.L.C., a company based in Italy that specializes in the production of centralized lubrication systems and components across various industrial sectors. This acquisition will see the founders, Graziella and Maurizio Morelli, maintaining significant shares and their managerial roles as they steer the company into the next phase of growth. The deal was facilitated with the assistance of several advisors, including OC&C Strategy Consulting, Advant NCTM, and Grant Thornton Financial Advisory Services, among others. The financial backing was organized by Banco BPM and Azimut Investments, with legal assistance from Orrick, Herrington & Sutcliffe. The acquisition aims to support I.L.C.'s growth through commercial expansion, innovation investments, and strategic acquisitions to bolster its competitive position. Paolo Ferrario, CEO of Innova Investments, highlighted the strategic importance of centralized lubrication for industrial efficiency and expressed eagerness to work with the Morelli family, signaling potential synergistic acquisitions. The Morelli family expressed pride in this new chapter and confidence in accelerating I.L.C.'s growth with Innova's support.