Redfish Longterm Capital, an industrial holding company specializing in investments in small and medium-sized companies with high potential, through its subsidiary Movinter, has entered into a preliminary agreement to acquire, for approximately €1.8 million, 75% of the shares of Six Italia, a Genoa-based company specializing in the manufacture of fire protection systems, soundproofing, and flooring for naval supplies and the rolling stock market, including high-speed trains.
The transaction was carried out by Redfish Longterm Capital and Movinter through Movinter CEO and Redfish investment manager Simone Lo Giudice (pictured), Redfish CEO Andrea Rossotti, and the president of both companies, Paolo Pescetto, as well as legal director Joanna Gualano, assisted by analysts Giona Leveghi and Guido Gigliotti.
The remaining 25% of Six Italia's share capital will remain the property of founding shareholders Fabio Raffaghello (15%) and Fortunato Guida (10%), who will continue to lead the company's strategy and operations alongside Movinter's management team. The acquisition is part of Redfish's horizontal integration strategy in the aerospace, rail, and navy market, which began with the acquisition of Tesi at the end of 2021 and continued with the purchase of a controlling stake in Movinter in April 2023.
The execution of the agreement is subject to certain conditions precedent, including those relating to golden power regulations.
The advisors
Movinter was assisted by AMTF lawyers for legal aspects. Ecosphera assisted the buyers with technical and environmental aspects with a team co-assisted by partner Rudiano Testa. Payroll aspects were handled by labor consultant Anna D'Agostino, while ESG aspects were handled for Movinter by Creso, with Gianluigi Testa. The selling shareholders of Six Italia were supported on legal and contractual aspects by the Pedersoli law firm.
