Argos Climate Action Fund announces its entry into Bracchi Srl with a majority stake. The aim is to make Bracchi a company at the forefront of decarbonisation issues. The new board of directors will be chaired by Paolo Scaroni, with CEO Umberto Ferretti confirmed at the helm.
Argos Climate Action Fund, Europe’s first ‘Grey to Green’ buyout fund, announced on 15 December 2023 its entry into Bracchi with a majority stake. Anima Alternative SGR and Clessidra Capital Credit SGR together with a group of managers co-invested alongside Argos in the transaction.
The business plan for the coming years includes expanding the geographical coverage, acquiring new technical know-how in other special logistics niches and growing the customer base.
There is also important news for the new Board of Directors, with Chairman Paolo Scaroni and CEO Umberto Ferretti at the helm, who will guide Bracchi towards its challenging growth targets, with the aim of competing in a global context that has digitalisation and decarbonisation as its essential points.
The acquisition comes at the end of a year of major structural changes and investments for Bracchi, with the implementation of projects with a strong impact on the business. In 2023, the company invested in technology, warehouse automation, expanded its fleet of vehicles and laid the foundations for the opening of important new logistics spaces.
Umberto Ferretti, CEO of Bracchi, commented:
“The transaction that has just been concluded finds the entire management team fully satisfied to be able to seize further opportunities to develop our business through new strategic levers in full coherence with the change that the sector is experiencing.”
Press Review
