H.I.G. Europe acquired a controlling interest in Texbond

Fineurop Soditic acted as financial adviser to H.I.G. Europe, the European arm of global private equity firm H.I.G. Capital, in the acquisition of a controlling interest in Texbond. The founder and chairman of the company as well as the CEO have invested in the transaction alongside H.I.G., providing management continuity as well as technical and strategic expertise to support the growth plans.

Founded in Rovereto in 1988, Texbond specialises in nonwovens for specialty applications in the hygienic, medical, construction, automotive, household and agricultural industries. With its continuous investment in R&D and a constant focus on process efficiency and innovation, Texbond is currently one of the leading European producers of artificial fibres with a leading position in the development and manufacture of specialty products. The company employs around 65 people and generated 2015 sales of approx. €40 million. H.I.G. will support the development plan of Texbond through a buy and build strategy at a global level, mainly in Europe and the U.S.A..

 

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