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
·
June 2022
Gimv has acquired a significant stake in Picot, an industrial group that manufactures fences and gates
Congrier (France), June 9, 2022. Gimv has acquired a stake of approximately 30% in Picot, a group specializing in fencing and gate systems that emerged from the French market leader Dirickx. Together with the existing shareholders and management, the company plans to continue its growth strategy in Europe. Androschin & Partner (A&P) advised on the transaction and conducted commercial due diligence on behalf of Gimv.
INVESTOR
Gimv NV (Smart Industries)
→
TARGET
Picot (Groupe Dirickx)
Headquarters
Congrier (France)
Employees
~926
Additional Information
Revenue for 2021: €212 million
Transaction
Acquisition of a minority stake of approximately 30% to support European expansion
ABOUT THE COMPANY
Picot (Groupe Dirickx)
Picot (Congrier, France) is the French market leader in the production and installation of fences and gates and also operates in Sweden, Poland, the Netherlands, and Italy. In 2021, the group generated revenue of 212 million euros with 926 employees. The realignment around the Dirickx brand was initiated in 2017 following the acquisition by Robur Capital.
ABOUT THE INVESTOR
Gimv NV (Smart Industries)
Gimv is a European investment firm listed on Euronext Brussels that operates the Smart Industries platform, which supports high-growth industrial companies at the intersection of digitalization and industry.
OUR ROLE
Commercial Due Diligence