Ardian, a prominent private investment firm, has announced its acquisition of a minority stake in Sicer, a leading global manufacturer of specialty coatings for high-end ceramics. This investment is intended to bolster Sicer's growth plans alongside its entrepreneurs, Gianfranco Padovani and Giuliano Ferrari, who are also reinvesting to secure a majority stake in the company.

Sicer, founded in 1993 and based in Fiorano Modenese, Italy, specializes in producing innovative coatings such as frits, glazes, and inks essential for enhancing the durability and aesthetics of ceramic tiles. The company has established a strong reputation for quality and sustainability, with production facilities in Italy, Spain, the U.S., Mexico, India, and Indonesia. Sicer anticipates revenues of around 130 million euros by the end of 2024.

The investment from Ardian aims to support Sicer's management team, which includes Padovani as Executive Chairman, Ferrari as CEO, and Marco Eumenidi as Commercial Director. Their extensive experience in the ceramic market reinforces their belief in Sicer's business model. The management team will significantly reinvest to acquire a majority stake, demonstrating their confidence in the company's growth trajectory.

Ardian's involvement is expected to enhance Sicer's position in key European markets, particularly Italy and Spain, while also facilitating expansion into the U.S. and India. The company's growth strategy focuses on improving production capabilities, developing new products, and exploring acquisitions to strengthen its global presence.

François Jerphagnon, a Managing Director at Ardian, expressed confidence in Sicer's potential, highlighting the alignment of values and vision between Ardian and Sicer's management. Marco Molteni, another Managing Director at Ardian, emphasized the importance of Ardian's global network in supporting Sicer's strategy for product development and international expansion.

Gianfranco Padovani, Sicer's Executive Chairman, noted the significance of Ardian's support in achieving their growth objectives, particularly in North America and Asia. He also acknowledged the previous support from Azimut Libera Impresa, which had owned a majority stake in Sicer since November 2020.

The transaction involves various advisors, including Mediobanca for M&A on the buy side and DC Advisory for the sell side. Legal and financial due diligence was conducted by several firms, ensuring a thorough evaluation of the investment.

Ardian manages or advises $176 billion in assets globally, focusing on private equity, real assets, and credit. The firm emphasizes responsible investment and aims to create lasting companies while maintaining high ethical standards.

Sicer, recognized as a leader in the ceramic decoration industry, continues to innovate and expand its offerings. With over 500 employees and a strong international presence, Sicer is well-positioned to capitalize on its growth potential in the global market.