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THCP completes exit from its investment in Aquafil, sold 5.75% to institutional investors

29 March 2019 Investment Activity

Three Hills Capital Partners announces that today it has completed the sale, through an accelerated sale procedure reserved for institutional investors, of its remaining 5.75% stake held in Aquafil SpA, a world leader in the production of synthetic fibers listed on the Milan Stock Exchange.

The price per share of the transaction was € 9.66, for a total share value of € 28.4 million.

Mauro Moretti, founder and managing partner of THCP, commented: 

With today’s exit a long and historic path of investment and growth ends with Aquafil. It was one of THCP’s first investments, we accompanied the company in different phases of internal reorganization and international growth up to its listing on the Milan Stock Exchange.

The investment for THCP, which occurred at different times and through different forms of preferential capital, generated an annual average return of more than 20%. We are thankful to Giulio Bonazzi and his team for giving us the chance to participate in this exciting journey and wish the company the best for its future of continuous growth to represent one of the pioneers in the circular economy.

Mauro Moretti, founder and managing partner of THCP

EQUITA S.I.M. S.p.A. acted as Sole Bookrunner of the transaction.

Media contact

Tancredi Group

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thcp@tancredigroup.com