Asian private equity firm FountainVest has agreed to acquire a controlling stake in Italian electric motor component manufacturer EuroGroup Laminations (EGLA.MI), with plans to take the company private in a deal that values it at €626 million ($730 million), the firms said on Monday.
FountainVest will purchase a 45.7% stake from EMS Euro Management Services at €3.85 per share, representing a 64% premium to EuroGroup’s closing price on Friday. As part of the transaction, EMS will reinvest 50% of its proceeds into a newly formed holding company that will co-own the business with FountainVest.
In addition, FountainVest has agreed to acquire a 7.9% stake from Tikehau Capital at the same price, which would bring the new holding vehicle’s total ownership to 55.3% of EuroGroup’s voting share capital once the deal closes—expected in the first half of 2026. The private equity firm will then launch a mandatory tender offer to acquire the remaining shares and delist the company from Euronext Milan.
Shares in EuroGroup Laminations rose nearly 54% to €3.58 as of 1010 GMT.
FountainVest’s Managing Director and Head of Europe Florian Almeling said the transaction would strengthen the company’s global expansion strategy. “The investment will enable EuroGroup Laminations to accelerate its international growth, while delivering highly differentiated growth opportunities in Asia and other attractive global markets,” Almeling said.
Based in Italy, EuroGroup Laminations manufactures stators and rotors—key components in electric motors and generators—and operates eight plants domestically and seven overseas, including facilities in China and the United States.
Under the terms of the agreement, EuroGroup CEO Marco Arduini and other senior executives will remain in their roles following the deal, according to a joint statement from FountainVest and EMS.