Arada Capital Partners has completed its sixth acquisition with the purchase of the Italian company ELTI through the Search Fund Visconti Capital. ELTI specializes in the inspection and certification of systems and installations in Rome, focusing on elevators, electrical installations, automatic doors, and water quality. The company is currently led by a new management team, composed of Clemente di Napoli and Carlo Luigi Fontana. It generates recurring revenues through contracts with an average duration of more than seven years, achieving a turnover close to 15 million euros and maintaining an EBITDA margin of 40% in recent years.
With this acquisition, Arada Capital Partners has completed its first deal in Italy, one of the geographies where the management team sees great potential. This strategic investment in the Italian market reinforces Arada Capital Partners' commitment to expanding in key regions, focusing on companies with succession issues, high growth potential, and leadership teams fully committed to their growth plans.
In July, Arada Capital Partners, together with other investors and the Search Fund Pleamar Partners, completed a new investment in Spain, specifically in Valladolid, in an industrial company called ADINOR. The company, now managed by José Luis Soria and Carlos Gómez de Iturriaga, is a leading industrial player in Valladolid, specializing in innovative solutions for the metallurgical sector and recognized for its quality, efficiency, and commitment to operational excellence.
In addition to these two recent acquisitions, Arada Capital Partners has continued to advance in the financing of Search Funds that are beginning their search phase, which focuses on identifying large companies with significant growth potential, like those mentioned earlier. In line with this strategy, the firm has financed two new Search Funds that began their search just before the summer.
One of them is Castellum Equity Partners, led by entrepreneur Stefano Cattapan, who previously held the position of director in the M&A team at the investment bank Citi. The other Search Fund is Venn Capital, led by Johannes, who was a director at the private equity firm H.I.G. Capital in the London office. Although these two Search Funds operate in different geographies and with distinct approaches, both share a "buy-and-build" strategy: over the coming months, they will seek a company that can serve as a platform for organic and inorganic growth through the acquisition of smaller companies in the same sector, focusing on fragmented industries with high expansion potential.
With less than two years since the beginning of its investment period, Arada Capital Partners has completed six acquisitions and financed more than 20 Search Funds across five different geographies. These results highlight how Search Funds is an asset class with strong strategic and investment sense, underscoring their relevance in the international low-mid market segment.
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