SICIT Group Embarks on New Era with TPG and Renaissance Partners Co-Control Deal
Deal News | May 15, 2025 | TPG
Renaissance Partners and TPG Rise Climate, a major private equity fund focused on climate solutions, have announced a binding agreement to jointly acquire a controlling stake in SICIT Group S.p.A. SICIT is globally recognized for its production of biostimulants that convert leather industry residues into sustainable agricultural products via a circular business model. Renaissance Partners has demonstrated a successful track record with SICIT by more than doubling its revenues and EBITDA since its initial investment in 2021. This new co-control acquisition, which includes Intesa Holding and other investors like LGT Capital Partners and Schroders Capital, marks a significant investment in SICIT's growth and sustainability-driven mission. Renaissance Partners typically invests in family-owned mid-market companies in Italy with a focus on sustainability, information technology, healthcare, and specialized industrials, while TPG Rise Climate is well-known for its climate impact investments.
Sectors
- Private Equity
- Sustainable Agriculture
- Climate Investment
Geography
- Italy – SICIT Group and Renaissance Partners are based in Italy, and the transaction involves Italian operations.
- USA – TPG, based in San Francisco, USA, is a central player in the investment deal.
Industry
- Private Equity – The article is primarily about a private equity transaction where TPG Rise Climate is investing alongside Renaissance Partners to acquire SICIT.
- Sustainable Agriculture – SICIT is engaged in producing biostimulants for agriculture by recycling leather industry waste, categorizing it as part of the sustainable agriculture industry.
- Climate Investment – TPG Rise Climate is a private equity fund that targets climate solutions, aligning this transaction with the climate investment industry.
Financials
- 2.8 billion – The amount Renaissance Partners manages in commitments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SICIT Group S.p.A. | Target company | Company | SICIT is a global leader in biostimulant production, transforming leather residues into agricultural products. |
| Renaissance Partners | Selling Company/Reinvestor | Company | An investment firm focused on family-owned, mid-market companies in Italy, with a history of growth in SICIT. |
| TPG Rise Climate | Bidding Company | Company | A private equity fund investing in climate solutions, partnering in the acquisition of SICIT. |
| Intesa Holding | Reinvestor | Company | The holding company for major tanneries reinvesting in SICIT's new business structure. |
| LGT Capital Partners | Co-investor | Company | A co-investor in the acquisition of SICIT. |
| Schroders Capital | Co-investor | Company | A co-investor in the acquisition of SICIT. |