Mindful Capital Partners, an independent private equity firm, acquired control of Fiorini Industries S.r.l., a leading Italian company offering energy-efficient solutions for the HVAC (Heating, Ventilation and Air Conditioning) industry.

 

Founded in 1978 in Forlì by Fabbri family, the Fiorini Group offers a complete range of components for heat pumps, chillers and other water-based heating-cooling systems, which will play a key role in the electrification and efficiency improvement process of air conditioning systems promoted by the European Union. Fiorini's solutions are aimed at the commercial, residential and industrial customer segments. Moreover, Fiorini is a trusted partner of some of the leading brands in the OEM market due to the high quality and innovative content of its products. 

 

In 2022 the Group reached a consolidated turnover of 46 million Euro of which 22% generated abroad. 

 

The Fabbri family will reinvest in the company maintaining a significant minority stake and guaranteeing the managerial continuity that has enabled the growth path to date.

 

Since 2007 Mindful Capital Partners has completed 27 investments in medium-sized Italian companies and Fiorini is the first investment of the new Mindful Capital Partners IV fund.

 

Credem Euromobiliare Private Banking acted as exclusive financial advisor to the sellers.