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Marco Polo Advisor is pleased to announce the acquisition of Napolillo Industry by the search fund Fitex Capital.
Italian search fund Fitex Capital, founded by Daniele Schiavello and Giulio Marini, has acquired Napolillo Industry, an industrial laundry company specializing in hotel supplies in Rome.
Napolillo Industry is today a benchmark of excellence in the Rome region, serving over 400 hotels, including prestigious names such as Bulgari Hotel, Six Senses and Hassler. “In the work carried out by the Napolillo family, Fitex recognized the service excellence required to cater to the city’s most prominent establishments,” explains Daniele Schiavello, “as well as a management capability that has made the company solid and ready for further growth”.
The company expects to close 2024 with revenues of approximately €14 million.
Fitex Capital is backed by a high-profile cap table. There are 17 investors in total, with key supporters including Napolillo Holding itself, which has reinvested part of the sale proceeds into the investment vehicle.
Napolillo family, with its extensive experience in the sector, will contribute strategic vision and a strong network of contacts, while Fitex Capital will provide its organizational and technological resources. Together, they aim to remain the quality benchmark for industrial laundries serving the hospitality sector.
“We needed a partner to face the growing challenges of the market”, says Michele Napolillo. “As a family, we’ll maintain an operational role to ensure the highest quality standards that our clients have been accustomed to for over 40 years, while Daniele and Giulio will bring diverse experiences that will be valuable in structuring the company towards objectives, we have set” he concludes.
“This synergy represents a significant step towards innovation and excellence in laundry services for hospitality establishments, responding to the market’s evolving demands,” says Giulio Marini, who continues: “The group’s development focus will be on technological innovation and environmental sustainability. The new company is committed to integrating cutting-edge solutions, such as automated systems and eco-friendly processes, to ensure not only high-quality service but also a reduced environmental impact.”
Napolillo Industry was supported by Marco Polo Advisor as financial consultant, with a team led by partner Michele Marchiori and director Endri Dobi, supported by Francesco La Torre. Tax consultancy was provided by MLS, with Stefano Marrucci and Francescantonio Lupoi.
For legal matters, Napolillo Industry was assisted by the international law firm Squire Patton & Boggs, with a team led by partner Daniela Sabelli and composed of senior associate Juancarlos Pirani and associate Francesco Cieri.
Fitex Capital was assisted by the law firm Gianni & Origoni, with a team led by partner Gerardo Carbonelli, supported, for corporate matters, by associates Giovanni Gila and Claudio Asciolla, and for labor-related matters, by partner Emanuele Panattoni and associate Silvia Sartori. GOP also handled all aspects related to the financing of the transaction, with a team composed of partner Antonio Amoroso and associate Giovanni Bica. Eptalex – Garzia Gasperi & Partners, with founding partner Carlo Garzia, partner Giacomo Petrizzelli, and associate Francesca Mereu, assisted Fitex Capital with due diligence and tax aspects of the transaction.