Gruen Advisors GmbH (“GA”) acted as financial advisor to Vici Industri AB (“Vici”), a portfolio company of Stiftelsen Industrifonden (“Industrifonden”) and Fröjdia Group AB (Fröjdia”), in its sale to Gnutti Carlo S.p.A. („Gnutti“), a leading manufacturer of high performance valve train and fuel injection components with a global footprint. The deal closed on Dec. 4, 2014.
GA advised as part of a cross-border advisory team the shareholders on the exploration of various strategic alternatives, including the consideration of a strategic sale.
“GA’s strong appreciation of the subtleties of the industry landscape in which Vici operates and its knowledge added value throughout the process. GA’s experience and hands-on approach was vital to us finding the most knowledgeable and best suited partner for the next stage of Vici’s growth. Their commitment created significant value to all shareholders throughout the entire sale process,” said Thomas Fröjd, Founder and General Manager of the Fröjdia Group AB.
“It has been a pleasure working with the shareholders and the VICI team to help them identify a strategic partner they believe is ideal,” said Martin Grün, Founder and Managing Partner, Gruen Advisors Gmbh. “Automotive M&A remains an active market for our practice and this transaction further establishes GA’s extensive industry experience.”
About Vici Industri AB
Vici develops and manufactures motor components for the heavy automotive industry, with focus on series production of rocker arms. The company is equipped with the market’s most highly automated production lines which create exceptional cost-effectiveness. Vici has offices and manufacturing facilities in Skövde, near Sweden’s largest shipping port Göteborg. For more information, please visit www.vici-industri.se.
About Gnutti Carlo S.p.A.
Gnutti is a global leader in the development and supply of severe-duty and high performance valve train and fuel injection components for construction, agricultural, marine, genset and transportation engines. The company serves OEM automotive, marine, and industrial engines manufacturers in Europe and North America. Gnutti was founded in 1920. Headquarters are in Maclodio, Italy. Gnutti operates manufacturing facilities in Canada, United States, United Kingdom, Sweden, Italy, India, and China. For more information, please visit www.gnutticarlo.com.
About Stiftelsen Industrifonden
Industrifonden is a foundation established by the Swedish government in 1979. It is an autonomous legal entity and does not receive any government funding. Industrifonden invests in small and medium-sized Swedish growth companies, managing a total of around SEK 3.5 billion, of which SEK 1.6 billion is invested in companies. For more information, please visit www.industrifonden.se.
About Fröjda Group AB
Fröjdia invests in industrial manufacturing companies that have strong growth potentials, and offers active leadership, extensive industrial expertise and strong commitment. The group’s companies manufacture custom hydraulic cylinders, high-quality engine components for heavy-duty vehicles, and provide automation solutions for specific production applications. Fröjdia Group is based in Lidköping, Sweden, and is wholly owned by Thomas Fröjd. For more information, please visit www.frojdia.se.