Zephyr Group Completes Acquisition of Twinco and Carl Baguhn

In a bid to solidify its standing as a leading distributor of spare parts and services for diesel and gas engines, Zephyr Group has acquired the entirety of Twinco, based in Singapore, and Carl Baguhn, which operates in Hamburg, Germany, and Barranquilla, Colombia. These acquisitions enhance Zephyr Group's strategic position globally, offering one of the most comprehensive product portfolios in the market. Zephyr Group is part of Sviluppo Sostenibile, a private equity fund focused on Italian SMEs and ESG criteria, managed by DeA Capital Alternative Funds and backed by VSL Club. The acquisitions are significant, given Twinco's focus on the Asian market and Carl Baguhn's long-standing expertise in engine maintenance and repairs. The transaction also witnesses the strengthening of Zephyr Group’s management team with the appointment of Marco Ficarra as General Manager and CEO. The CEO, Paolo Castagnet, emphasized the transaction's pivotal role in enhancing customer value and supplier relationships. Meanwhile, the Managing Director of Sviluppo Sostenibile, Giuliano Palazzo, and Andrea Valenti, the Investment Director, highlighted the strategic importance of these moves in expanding their market reach and generating long-term sustainable growth. The advisory team for the acquisition included Spada Partners for financial due diligence, KPMG for tax, ERM for ESG diligence, and legal advisors Curtis, Mallet-Prevost, Colt & Mosle LLP.