Ozzano dell’Emilia (Italy)/Schwaz (Austria), July 15, 2026. The IMA Group and Lichtenberg Capital, an Austrian, entrepreneurially-minded investor focused on mid-sized European companies undergoing transformation, have announced a partnership involving ATOP S.p.A. A vehicle advised by Lichtenberg Capital is acquiring a majority stake in ATOP, while IMA remains involved as a strong industrial partner and minority shareholder. Androschin & Partner provided advisory services in connection with the transaction.
TRANSACTION
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August 2026
Clessidra Private Equity Acquires a Majority Stake in Errebi Technology
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.
INVESTOR
Clessidra Private Equity SGR
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TARGET
Errebi Technology S.p.A.
Headquarters
Badia Polesine (RO), Italy
Founded
1976
Additional Information
Revenue: ~€15 million (>, 75% from overseas)
Seller
Massimiliano Paglione (Gründer, reinvestiert mit 30%)
Transaction
Acquisition of 70% of the shares by the Clessidra Capital Partners Green Harvest fund
ABOUT THE COMPANY
Errebi Technology S.p.A.
Errebi Technology S.p.A. is a highly specialized Italian engineering firm based in Badia Polesine (Rovigo), founded in 1976. The company develops, manufactures, and distributes precision molds and cylinders for forming and cutting applications in the food and pet food industries, primarily for baked goods. Errebi generates revenue of approximately 15 million euros, more than 75% of which is generated abroad, and supplies leading international manufacturers.
ABOUT THE INVESTOR
Clessidra Private Equity SGR
Clessidra Private Equity SGR is the private equity firm of the Clessidra Group, one of Italy’s leading alternative investment providers. The acquisition was made through the Clessidra Capital Partners Green Harvest fund, which focuses on Italian SMEs in the agri-food sector and aims to promote growth across the entire value chain.
OUR ROLE
Commercial Due Diligence