Mutares, an investment holding company listed on the Frankfurt Stock Exchange, has acquired a majority stake in Sofinter as part of a capital and financial strengthening project with the involvement of illimity bank through new financing. Vitale acted as the financial advisor to Sofinter.

Sofinter is a leading player specialized in designing and manufacturing of steam generators for different markets. The Group has 4 factories located in Italy and Romania ensuring European quality standards. With around 680 employees, Sofinter generated revenues of over EUR 200 million in 2023.
The Group operates through the following brands: Macchi, AC Boilers, Europower, Itea, and CCA “Centro Combustione Ambiente”