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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March 2013
Deutsche Beteiligungs AG Acquires Stephan Machinery GmbH from the IMA Group
Bologna/Frankfurt am Main, March 22, 2013. Through its subsidiary Corazza S.p.A., the IMA Group is selling all of its shares in Stephan Machinery GmbH to funds managed by Deutsche Beteiligungs AG (DBAG). The transaction is subject to antitrust approval. Androschin & Partner (A&P) advised on the transaction and conducted commercial due diligence on behalf of Deutsche Beteiligungs AG.
INVESTOR
Deutsche Beteiligungs AG
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TARGET
Stephan Machinery GmbH
ABOUT THE COMPANY
Stephan Machinery GmbH
Stephan Machinery GmbH, based in Hameln, manufactures integrated processing systems for the dairy and convenience food industries. The company joined the IMA Group in February 2011 through the acquisition of the Sympak Corazza Group and generated revenue of 42.9 million euros in 2012, with EBITDA of 6.1 million euros.
ABOUT THE INVESTOR
Deutsche Beteiligungs AG
Deutsche Beteiligungs AG (DBAG) is one of Germany's oldest private equity firms, headquartered in Frankfurt am Main, and has previously been active in the process engineering sector for the food industry.
OUR ROLE
Commercial Due Diligence