Carlyle is to acquire a controlling stake in Ocmis Group (Ocmis), a manufacturer of advanced irrigation systems for the agricultural market, partnering with historical shareholders including the Montorsi family and the management team.
Equity for the investment will be provided by Carlyle Europe Partners V (CEP V), a €6.4bn fund investing in European opportunities across a range of sectors and industries.
Carlyle will seek to continue Ocmis’ strong trajectory of growth in partnership with its management team by developing its commercial platform and marketing strategy, implementing operational best practice across the business, and by supporting international expansion through strategic M&A in the highly fragmented irrigation solutions market. The Group’s high quality manufacturing plants in Castelvetro will be further upgraded and expanded, creating a global centre of excellence in the production of sprinkling irrigation solutions.
Read more: Private Equity Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.