Cleary Gottlieb represented Prima Industrie S.p.A. in its acquisition of Finn-Power Oy from the private equity fund EQT for an enterprise value of €170 million. The deal closed on February 4.
The acquisition creates a group with revenues of €400 million in 2007, 10 manufacturing plants and more than 1,700 employees worldwide.
The Finn-Power group specializes in sheet metal working technology. It is based in Finland, with subsidiaries in Italy, Germany, France, Belgium, Spain, the United States and Canada.
Prima Industrie is a worldwide leader in the field of high-power laser machines for industrial applications and is listed on the Italian Stock Exchange.