Sacs Tecnorib, a prominent leader in the Maxi-Rib sector and a significant figure in the Italian yachting market, is excited to announce a strategic partnership with NUO, an investment holding company backed by distinguished international families. This collaboration marks a crucial step in Sacs Tecnorib's journey of consolidation, expansion, and development.
Since its formation in 2021 through the merger of Sacs and Tecnorib, the Group has seen remarkable success, reporting a production value exceeding €70 million in the last financial year, with more than 70% of its output directed to export markets. The company has achieved an impressive compound annual growth rate (CAGR) of 25% over the past three years, fueled by its growing international presence and a diversified product lineup that includes the Strider and Rebel ranges, as well as licensed Pirelli Speedboats.
This partnership, built on a shared vision and fundamental values, seeks to amalgamate Sacs Tecnorib’s expertise with NUO’s resources, reinforcing the Group’s leadership within the European market. The collaboration will further facilitate the Group’s global strategy, particularly in the United States, and may open avenues for growth through the acquisition of complementary brands.
As part of this agreement, which entails the sale of a minority stake by existing shareholders, Matteo Magni will maintain majority control of the company. The governance structure will remain stable, with founding partners Matteo Magni and Giovanni De Bonis continuing in their leadership roles. Magni will take on the position of CEO in addition to his current role as President.
“We are excited to announce this partnership, which we believe will add substantial value and enhance our competitiveness globally,” stated Matteo Magni, President and CEO of Sacs Tecnorib. “This milestone is a testament to the passion and commitment we have invested in building a successful company, as illustrated by our ability to attract esteemed investors like NUO to join us on this journey. Together, we will seize new opportunities, bolster our innovation capabilities, and remain dedicated to delivering excellence to our customers while driving significant growth and steering the industry forward.”
Tommaso Paoli, CEO of NUO, remarked: “We are privileged to partner with Matteo and Giovanni in this ambitious initiative to position Sacs Tecnorib as a global leader. This collaboration underscores our dedication to investing in companies with robust growth potential and visionary leadership. Matteo’s clarity of vision, determination, and cooperative spirit have truly impressed us. NUO will utilize its expertise and network to bolster the company’s international expansion, governance, and M&A activities, empowering the team to achieve their long-term goals.”
The transaction was facilitated by Clearwater, serving as M&A advisor to SacsTecnorib. Legal negotiations were conducted with support from DLMS for Sacs Tecnorib and Chiomenti for NUO. Additional due diligence was carried out by EY (financial) and Gitti and Partners (tax).
Sacs Tecnorib Spa was established in 2021 from the union between TecnoRib srl and Sacs srl. Sacs tecnorib spa is the official licensee of Pirelli brand inflatable boats
Credits: Sacs Tecnorib Spa