Portfolio Investments

Portfolio Investments

Current Ambienta investments

Tattile

Sector: Smart Vision
Country: ITALY
Web: http://www.tattile.com/

Date: 2012
Deal type: Buy out

Tattile is a leading provider of machine vision and electronic systems for the industrial automation, traffic management and railways sectors.

Based in Mairano (BS), Italy, the company is a technology leader and a pioneer in its industry. Tattile develops, produces and markets custom machine vision and electronic solutions that improve the efficiency of industrial and traffic management processes.

The machine vision market is expanding at double digit rate driven by strong environmental thematics – energy & resource efficiency and the reduction of pollution. The industrial division of Tattile develops quality inspection and automation solutions aimed at identifying defective items early on in the production process. This reduces unnecessary processing and improves energy and materials efficiency. The traffic management division includes number plate recognition technology used in speed limit enforcement, reducing the average speed of vehicles, enhancing fuel consumption and reducing pollution. Tattile has also grown to a leader in the market of on-board communication, security and entertainment for the railway sector.

Founded in 1992, Tattile generates 50% of revenues abroad serving blue chip customers in several markets including traffic management, pharmaceutical, packaging, food & beverage, mechanical, automotive, semiconductors and railway.

Found Ocean

Sector: Services to offshore energy
Country: UK
Web: http://www.foundocean.com/

Date: 2012
Deal type: Buy out

FoundOcean is a leading contractor of subsea and offshore foundation grouting services to the oil & gas and offshore wind sectors. Grouting services are required when an offshore foundation has to be fixed to the seabed.
Founded in 1966 within the British civil engineering group Wimpey Construction, FoundOcean has historically operated for the large oil & gas customers based in the North Sea. Building on its unrivaled track record matured in its home market, in the last five years the company has expanded its operations internationally and has developed into a global leader, with activities spanning from the Gulf of Mexico to the Indian Ocean.
The surge of offshore wind in Europe, notably in Germany and the UK, is providing a new and fast growing market opportunity for the company. FoundOcean is based in Marlow and has an operating base in Livingston, Scotland. With ca. 100 employees, the Company has a global presence, with operational hubs in Scotland, the Netherlands, Italy, USA, Dubai, India and Indonesia.

Tower Light

Sector: Energy efficiency
Country: ITALY
Web: http://www.towerlight.it

Date: 2012
Deal type: Buy out

Tower Light manufactures the largest range of lighting towers globally. Lighting towers are a packaged combination of an engine, an electric generator and a mast supporting a set of lamps; these are normally fixed on a wheeled base with a metal cover, making them an independent, easy-to-move piece of equipment able to supply high-quality lighting to any location.
Lighting towers are an outstanding solution in terms of energy efficiency, illumination and safety in situations where an effective, temporary lighting is required, such as in the construction or maintenance of infrastructure, and also in airports, docks, mines and events. Tower Light is perceived by the market as a technology leader, with energy efficiency as the hallmark of its production.
Tower Light is headquartered in Italy but generates more than 80% of its revenues from 50 different countries, with leading market shares in Europe and a growing presence worldwide. Tower Light was incorporated in 1997 by current CEO Andrea Fontanella together with three non-executive shareholders, and progressively evolved from a small production workshop to a fully integrated company boasting the widest product range on the market.

Amplio Filtration Group

Sector: Water treatment and filtration
Country: USA/UK/ITALY
Web: www.ampliopartners.com

Date: 2011
Deal type: Growth capital

Amplio Filtration Group (AFG) is a buy-and-build project in the water management sector and is currently composed of four companies: Envirogen (USA), Puresep/EWS (UK) and Fluxa Filtri (Italy), which were acquired between 2009 and 2011.
The group operates in the water management and filtration sector with a focus on two main markets: (i) water and wastewater treatment, with main specializations in ground water remediation, wastewater treatment and removal of contaminants from potable wate; and (ii) process filtration, with core business currently concentrated in applications of food & beverage, healthcare and oil & gas.
The group boasts a complete offering which encompasses systems (capital equipment), service and consumables.

MBA Polymers

Sector: Recycling – energy efficiency / waste
Country: USA
Web: http://www.mbapolymers.com

Date: 2011
Deal type: Growth capital

MBA Polymers is the world leader in the production of recycled plastics from end-of-life durable goods such as computers, electronics, appliances and automobiles.
The company has developed a proprietary process which allows it to produce high-value plastics, from complex waste streams, with a quality which is virtually indistinguishable from virgin resins, using one tenth of the energy and natural resources utilized by traditional plastics’ factories. MBA Polymers is a truly global corporation, headquartered in California and currently operating three facilities located in China, Austria and the UK, in JV with outstanding local partners.
The company’s customers include top global brands in the electronics and appliance industries such as HP, Nestlè and Electrolux. MBA was named a “Global 100 CleanTech company” in 2009 and, in 2010, Mike Biddle, MBA's founder, received the “Economist's Innovation Award”.

Spig

Sector: Pollution control – energy efficiency
Country: ITALY
Web: http://www.spig-int.com

Date: 2010
Deal type: Buy out

SPIG is a leading engineering and contracting company which operates globally in the closed loop industrial cooling systems sector, which includes cooling towers and large air cooled condensers. SPIG’s cooling systems are installed in power plants, refineries, petrochemical plants, steel mills, district cooling systems and other industrial plants where cooling is critical.
Founded in 1936 by Fernando Bonati and Agar Sorbatti (one of the first female engineers in Italy), the grandparents of the current Mosiewicz shareholders, SPIG has grown from a local family business to one of the international leaders in the industrial cooling systems sector.
In 2011 the company was awarded the “European Growth Summit and Europe’s 500 Award” as one of the top 500 European companies in terms of growth. SPIG is headquartered in Italy and has operating subsidiaries in Germany, Turkey, Russia, Dubai, United States, Brazil and India. Approximately 75% of the group revenues and 85% of group orders are generated outside Italy.

Ravelli

Sector: Biomass - building
Country: ITALY
Web: http://www.ravelligroup.it

Date: 2010
Deal type: Buy out

Ravelli is one of the largest Italian producers of pellet-fed stoves and boilers for residential heating. Pellet-fed stoves are mainly used by people living outside big cities, either as sole heating systems, or, more often, to supplement an existing, gas-fired heating system or as a substitute for wood stoves.
The company has an extensive network of agents in Italy, where it serves more than 750 specialized stores on a direct basis, while sales in other European countries are realized through a network of 51 distributors. In 2011 Ravelli sold more than 30.000 stoves, of which 55% were in Italy and the rest abroad (mainly in France, Belgium and Denmark).
Ravelli was founded in the ‘70s by Fernando Ravelli, father of the current owners, and was initially devoted to carpentry works. In the ‘90s, the entry of his two sons spurred the development of pellets stoves, which eventually became the core business. Today Ravelli is a young, dynamic company and one of the leading players in the market.

Icq Holding

Sector: Renewable energy
Country: ITALY
Web: http://www.icqholdingspa.com/

Date: 2008
Deal type: Growth capital

ICQ is one of the most important Italian players in the development, construction and operation of own and third party plants from diversified renewable sources: biogas, wind, hydro and biomass, with an installed capacity of 128,3 MW (of which 102,8 MW is consolidated) and a pipeline of projects of almost 400MW. In 2011 the group delivered energy production of 262 GWh (211 GWh consolidated) and reached €39.3ml revenues and €14.4ml EBITDA (before non-recurring costs and other adjustments). Today, the group employs around 80 people.
Founded in 1982 as an environmental consultancy company, over the years ICQ has gained a remarkable experience as developer, with over 1.200MW of projects developed and sold to third parties. Today, ICQ spreads over the entire chain of the energy production from renewable sources, through a number of subsidiaries that offer a specific knowledge for the evaluation, authorization, construction and management/(operation) of wind, hydro, biogas and biomass plants. ICQ is the third largest player in Italy in the field of biogas from landfill. Furthermore, the group offers Energy Saving services to companies and public entities (ESCO).

Ambienta Biomasse (Italiana Pellets / Alpin Pellet)

Sector: Biomass
Country: Italy / France
Web: http://www.italianapellets.com/

Date: 2008 / 2009
Deal type: Growth capital

Ambienta I Biomasse included two wood pellet manufacturers: Italiana Pellets (“ITP”) in Italy and Alpin Pellet (“AP”) in France. Pellets are dried and compressed wood or biomass cylinders, ca. 3-4 centimetres long and 0.6 centimetres wide, used both for domestic heating with purpose-built stoves and boilers, and for industrial co-firing along with coal.

ITP (www.italianapellets.com) is the largest manufacturer of wood pellets in Italy, with an annual production capacity of ca. 120 thousand tons. ITP mainly sells pellets for residential heating to large Italian retailers. The company also features a biomass generation plant of 1MW electrical energy, which is fed into the grid, and gas cogeneration of 3MW electrical energy plus 2MW thermal energy. ITP has been divested in February 2013.

AP (www.alpinpellet.com) is an established manufacturer and trader of high quality wood pellets for residential heating, which produces ca. 40 thousand tons annually, trades 10 thousand tons of third party pellets, based in southern France and mainly serving northern Italy.