HIG Capital takes majority stake in Berardi Bullonerie
Context
H.I.G. Capital has acquired a majority stake in Berardi Bullonerie from the Berardi family, who reinvested for a minority shareholding. The strategic rationale for the acquisition is to accelerate Berardi's development through a combination of organic growth and a targeted M&A campaign in the highly fragmented fastening elements market. By leveraging H.I.G.’s international reach and experience in consolidation, the group aims to aggregate other sector operators and enhance its high-value-added service offering. The transaction was supported by senior debt from a banking pool including Crédit Agricole, Deutsche Bank, and Banca Ifis, alongside a subordinated bond subscribed by Equita Private Debt. This partnership marks a key step in transitioning the century-old family business into a scalable corporate platform capable of rapid domestic and international expansion.
Berardi Bullonerie, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the Business Services sector (10.4x in 2022).
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Target
Founded in 1919, Berardi Bullonerie is a primary Italian distributor of fastening elements and a pioneer in integrated logistics services. The company’s business model is centered on the just-in-time supply of standard and customized fasteners (C-Parts) to a broad range of industrial customers. Its value proposition is anchored in high service levels and advanced proprietary solutions, specifically its integrated "Kanban" logistics programs which optimize supply chain management for manufacturers. Strategically, the firm operates through a widespread network of 14 warehouses in Italy and commercial offices in Croatia and Morocco. By diversifying into adjacent product segments and high-value-added services, the organization has established itself as a critical technological and logistical partner for excellence-driven industrial enterprises.
Ent. Value
[members only]
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with HIG Capital
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2026 | HIG CAPITAL | ARCO | UNITED KINGDOM | Industrial & Technical Distribution |
| 07/2026 | HIG CAPITAL | TERRAS GROUP | GERMANY | Railways |
| 05/2026 | HIG CAPITAL | INTERNATIONAL AEROSPACE COATINGS IAC | UNITED STATES | MRO (Maintenance, Repair & Overhaul) |
| 10/2025 | HIG CAPITAL | ADVANCED LOGISTICS FOR AEROSPACE (ALA) | ITALY | Industrial & Technical Distribution |
| 09/2025 | HIG CAPITAL | RENTOKIL INITIAL WORKWEAR FRANCE | FRANCE | Industrial Cleaning |
| 03/2025 | HIG CAPITAL | TIMETOACT GROUP | GERMANY | Consulting & Integration |
| 02/2025 | HIG CAPITAL | CONVERGE TECHNOLOGY SOLUTIONS | CANADA | Consulting & Integration |
| 03/2024 | HIG CAPITAL | STRADA | UNITED STATES | HR & Capital |
| 01/2024 | HIG CAPITAL | DX GROUP | UNITED KINGDOM | Road Freight |
| 03/2023 | HIG CAPITAL | ANDWIS GROUP | UNITED KINGDOM | Maintenance |
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REFERENCES
Revenue range: REV €50–100M
EBITDA range: €5–25M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Berardi Bullonerie by HIG Capital are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: berardi bullonerie
Acquirer: hig capital
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