Milan, August 3, 2026. Clessidra Private Equity SGR, the private equity arm of the Clessidra Group—one of Italy’s leading alternative investment providers—announces the acquisition of a 70% stake in Errebi Technology S.p.A. through the Clessidra Capital Partners Green Harvest fund. Entrepreneur Massimiliano Paglione retains a 30% stake and is reinvesting alongside Clessidra. Androschin & Partner conducted the commercial due diligence for Clessidra Group Private Equity SGR.
TRANSACTION
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July 2021
capiton acquires the majority of shares in Axxence Group
Emmerich, 2021. As part of a management buyout, capiton acquires the Axxence Group, a global supplier of natural flavor chemicals for the flavor and fragrance industries, to support the succession plan. Androschin & Partner (A&P) advised on the transaction and conducted an operational site and CAPEX assessment on behalf of capiton.
INVESTOR
capiton (Fonds capiton VI)
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TARGET
Axxence Group
Headquarters
Emmerich (Germany), with additional locations in Slovakia, France, Japan, and the U.S.
Transaction
Acquisition as part of a management buyout to address succession planning
ABOUT THE COMPANY
Axxence Group
Axxence, a global supplier of natural flavor chemicals, serves the flavor and fragrance (F&F) industry. The company is headquartered in Emmerich, with additional production sites in Slovakia and a commercial presence in France, Japan, and the U.S. In 2024, Axxence completed the add-on acquisition of the majority of the assets of its U.S. competitor, Natural Advantage.
ABOUT THE INVESTOR
capiton (Fonds capiton VI)
capiton is an independent, owner-managed German private equity firm based in Berlin that invests through the capiton VI fund.
OUR ROLE
Site and CAPEX Evaluation (Operational Due Diligence)