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Holon-Translink advises Polish family owned marine equipment manufacturer Kotniz on its further expansion into Europe
With the support of Holon-Translink, Kotniz – Polish manufacturer of luxury marine equipment, finalized the acquisition of a majority stake in Metalstyle S.R.L – Italian company based in Carasco, active in providing stainless steel and aluminum solutions for the nautical sector. Kotniz acquired majority shareholding from Marco Balbi and Luca Biagi, founders and owners of Metalstyle S.R.L.
Both the Polish company Kotniz and the Italian company Metalstyle are privately-owned family businesses with a long history and a strong position in the marine sector. The transaction is of strategic importance to both parties, as it will allow them to expand their product offerings and customer base through the exchange of experience and best practices.
“Entering the Italian market is a significant milestone in Kotniz's growth strategy. Through this transaction, we are realizing the vision of creating the 'Golden Marine Triangle' encompassing Poland, Portugal, and Italy. The partnership with Metalstyle unlocks significant growth potential, operational synergies, and substantially strengthens the Group's presence in Europe.
From my perspective, I deeply value the professionalism and commitment of the Holon-Translink team, who expertly and comprehensively managed the entire transaction process – from identifying targets to the smooth execution of the transaction and the securing of favorable financing. A key element for me was the opportunity to collaborate with both the Italian and Polish Holon-Translink teams simultaneously, which proved crucial in overcoming cultural and business barriers, ultimately leading to the successful completion of the transaction" - Sebastian Nietupski, CEO and owner of Kotniz, said.
The current management of Metalstyle, led by Managing Director Luca Biagi, will continue to collaborate with the company within the Kotniz Group. This will ensure not only the operational continuity of the newly formed entity but also its further development. In recent years, Luca Biagi has played a significant role in strengthening Metalstyle’s position as a key supplier of metal accessories for prestigious clients in the shipbuilding sector.
Through this transaction Kotniz objective is to leverage substantial growth prospects by extending production and customer reach into Western Europe. At the same time, Kotniz intends to capitalize on Metalstyle’s established relationships, expertise, and know-how in catering to the Italian market. Having analyzed the notable achievements and strategic market position of Metalstyle, Kotniz is confident in the substantial value and potential synergies that joint partnership could unlock. With Kotniz existing operations managed in Poland and Portugal, the addition of Italy completes its vision of establishing a 'Golden Marine Triangle.' By implementing this project Kotniz aims to create a top-tier, diversified European naval hub, leveraging a network of European companies.
This merger creates a group with a total revenue of 33 million EUR, 475 employees, and 5 technologically advanced plants across Europe, covering an area of over 17.5 thousand square meters and producing over 200.000 products annually.
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Holon-Translink team acted as exclusive transaction advisor to the buyer (Kotniz) in the transaction process, including: establishing strategic criteria of potential targets, identifying potential targets, negotiating key transaction terms, due diligence supervision of the target, negotiating transaction agreements and arranging external project financing.
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Company information
Kotniz Group
Kotniz Group is the largest private company in Europe producing metal and aluminium components for sailboats, motor yachts and mega-yachts. The Group employs 475 people in 5 production facilities located in Poland, Portugal and Italy. Kotniz is the main supplier of this type of products in Europe, cooperating for over 45 years with the largest and most important shipyards in the world (Groupe Beneteau, Brunswick, HanseYachts, Saxdor, Nimbus, etc). The company is currently managed by the 2nd generation of the Nietupski family. CEO (Sebastian Nietupski) is the President of the Polish Chamber of Yachting Industry and Water Sports and Management Board Member of ICOMIA (International Council of Marine Industry Associations).
Target information
Metalstyle with HQ in Carasco (Genova – Italy), specializes in the design, production, and processing of nautical items as well as assembly of automation systems and installation of electrical and plumbing systems. Under a single brand, Metalstyle brings two significant areas of expertise in working with high-quality steel and aluminum. Through the perfect combination of advanced technology and craftsmanship, Metalstyle offers shipyards, architects, and boat owners a wide range of high-level, diversified, and customized products. The company collaborates with all the major Italian yacht and megayacht shipyards (Azimut, San Lorenzo, Baglietto, and Ferretti). The company has been successfully managed so far by the two founders, Marco Balbi and Luca Biagi – both experienced entrepreneurs and experts in the maritime industry.