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Henry Cai-Founded AGIC Capital Invests In Italy’s Gimatic – FintekAsia


Henry Cai-Founded AGIC Capital Invests In Italy’s Gimatic


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AGIC Capital, an Asia-Europe cross border growth equity firm founded by former Deutsche Bank executive Henry Cai, has acquired a large majority stake in Gimatic Srl, an Italian manufacturer of pneumatic and electric grippers for industrial automation.

Financial details of the transaction were not revealed.

In an announcement, AGIC Capital says the the total enterprise value of the transaction is above €100 million (US$113 million).

Existing investor Exnon Private Equity, as well as the company's CEO and co-founder Giuseppe Bellandi, will also invest in substantial minority stakes.

The company says it will use the proceeds to expand in Asia, especially in China. AGIC has identified a number of Asian and Chinese industrial automation...



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