Isoclima Is Acquired by a Consortium Led by Fondo Italiano D’Investimento SGR and The Equity Club

Industrial

Isoclima, a portfolio company of Stirling Square, sale to a consortium led by FII and TEC


Summary

Isoclima Group (“Isoclima” or the “Company”), a portfolio company of Stirling Square Capital Partners (“Stirling Square”), has announced its acquisition by a consortium of financial investors led by Fondo Italiano d’Investimento SGR (“FII”) and The Equity Club (“TEC”). This transaction is subject to regulatory approvals and customary closing conditions. Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to Stirling Square on the transaction.

About

Isoclima Group is a global leader in the design and manufacture of high-performance transparent solutions for applications across Aerospace, Civilian Armored and Defense Vehicles, High-Performance Cars, Yachting, Security Architecture and Rail. Renowned for its advanced engineering capabilities, extensive patent portfolio and strong commitment to sustainability, the Company partners with leading international OEMs and blue-chip clients across the world’s most demanding markets. Isoclima is headquartered in Este, Italy.

Stirling Square Capital Partners was founded in 2002 as a pan-European private equity firm specialized in internationalizing and digitizing mid-market businesses with an enterprise value between EUR 100 million and EUR 500 million. The firm manages EUR 3.5 billion on behalf of a global and diverse investor base. Since inception, Stirling Square has invested in 30+ platform companies and 100+ add-on acquisitions globally, helping to create regional and global champions. Stirling Square is headquartered in London, United Kingdom.

Founded in 2010 at the initiative of the Ministry of Economy and Finance (MEF) and participated by CDP Equity, Intesa Sanpaolo, UniCredit, ENPAM Foundation, ENPAIA Foundation, ABI, Banco BPM and BPER Banca, Fondo Italiano d’Investimento SGR's main objective is to manage closed-end mutual funds aimed at channeling capital towards the system of excellent Italian companies, combining the goal of return on invested capital in line with international benchmarks with that of fostering the growth of the Italian productive system. FII manages 21 closed-end mutual funds reserved for qualified investors, totaling over EUR 4 billion of capital under management, and operates through direct and indirect investments (fund of funds). FII considers sustainability a fundamental value and is committed to integrating environmental, social and governance (ESG) criteria into its investment activities. FII is headquartered in Milan, Italy.

The Equity Club is a club deal initiative promoted by Roberto Ferraresi, Filippo Penatti and Mediobanca, established with the aim of creating a flexible private capital platform. Now in its second edition, the initiative involves some of Italy’s leading entrepreneurial families, with aggregate soft commitments of approximately €900 million. Through its first investment program, TEC promoted investments of around €500 million in successful Made in Italy companies, including Jakala, La Bottega, Philogen, Lincotek, HSA, Regi, ART and Tatuus. Isoclima is the fourth investment promoted through TEC 2.0, following the previous investments in Club del Sole, Rainbow and Forgital. TEC is headquartered in Milan, Italy.
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Industrial

Isoclima, a portfolio company of Stirling Square, sale to a consortium led by FII and TEC

Date
January 2026
Company
Isoclima Group
Transaction
M&A - Sellside
Sectors
Industrial
Verticals
Specialty Materials & Chemicals
Target Geography
Europe
Acquiror Geography
Europe

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