Mictu Joins Forces with Kintek: Aksìa Spearheads First Add-On Acquisition
Deal News | Jan 15, 2025 | Finance Community IT - 3 Private Equity
Aksìa Capital V, through its portfolio company Kintek, has announced the acquisition of Mictu, an Italian company specialized in precision tools manufacturing. This marks Kintek's first add-on acquisition since Aksìa's involvement, aimed at strengthening its market position and expanding its reach. Founded in the early 1980s and led by CEO Antonello Collavo, Mictu specializes in tungsten carbide and polycrystalline diamond tools primarily for eyewear and medical sectors. The acquisition aligns with Kintek's strategic goals of broadening its product portfolio and enhancing its presence in precision mechanics and advanced tools. EY, Dusano Consulting, Giliberti Triscornia e Associati, and ERM served as advisors to Kintek, while Banco BPM and Banca Sella arranged the financing. Future plans include international expansion and further acquisitions to bolster their competitive edge in adjacent industries.
Sectors
- Private Equity
- Manufacturing
- Industrial Machinery
- Healthcare Equipment & Supplies
Geography
- Italy – Mictu is an Italian company, and the acquisition involves Italian firms and advisors.
- International – Kintek's strategy includes expanding Mictu's products internationally, aiming to enhance global market presence.
Industry
- Private Equity – Relevant as the article discusses Aksìa Capital V, a private equity fund, and its investment strategies.
- Manufacturing – Mictu operates in the manufacturing industry, specifically producing precision tools, which is central to the acquisition.
- Industrial Machinery – Kintek and Mictu are involved in producing tools and machinery for sectors like eyewear and medical, highlighting their role in industrial machinery.
- Healthcare Equipment & Supplies – Mictu manufactures tools for the medical sector, emphasizing its involvement in healthcare equipment and supplies.
Financials
- 20 million euros – Estimated revenue for the Kintek Group in 2024 with a 50% export share.
- 22 million euros – Projected revenue for the Kintek Group in 2025 following their growth strategy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aksìa Capital V | Private Equity Firm | Company | The private equity firm that facilitated the acquisition via its portfolio company Kintek. |
| Kintek | Acquirer | Company | A company specializing in precision tools, acting as the acquiring entity for Mictu. |
| Mictu | Target Company | Company | An Italian company focused on manufacturing precision tools, now acquired by Kintek. |
| EY | Financial Advisor | Company | Provided financial due diligence services to Kintek for the acquisition. |
| Dusano Consulting | Tax and Labor Advisor | Company | Advised Kintek on fiscal and labor matters related to the acquisition. |
| Giliberti Triscornia e Associati | Legal Advisor | Company | Handled legal aspects of the acquisition for Kintek. |
| ERM | ESG & HSE Advisor | Company | Conducted ESG and HSE due diligence for Kintek. |
| Banco BPM | Financing Bank | Company | Agent bank in organizing and structuring the financing of the acquisition. |
| Banca Sella | Financing Bank | Company | Involved in structuring the financing of the acquisition alongside Banco BPM. |
| Dentons | Legal Advisor | Company | Assisted with legal matters regarding the financing of the deal. |
| Novassociati | Tax and Labor Advisor | Company | Assisted Mictu with fiscal and labor-related matters. |
| MDA | Legal Advisor | Company | Provided legal advisory to Mictu. |
| NOVAdvisory | Financial Advisor | Company | Originated and assisted the operation as a financial advisor. |
| Antonello Collavo | CEO of Mictu | Person | The leader of Mictu, playing a significant role in the acquisition process. |
| Filippo Anichini | Partner at Aksìa | Person | Commented on the strategic fit of Mictu within the Kintek Group. |
| Marco Sartorelli | CEO of Kintek | Person | Discussed the integration and strategic goals following the acquisition. |