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Quadrivio Group's Industry 4.0 fund acquired a majority stake in Soft Non Wovens, an Italian non-woven fabric producer, from the Verzoletto and Falco families. The families remain shareholders and reinvest alongside the fund.
Soft Non Woven, an Italian producer of non-woven fabric for industrial applications, sold a majority stake to Industry 4.0 Fund, a private equity vehicle of Quadrivio Group. The company expects 2021 revenue of about €36 million.
H.I.G. Capital announced the sale of Texbond, a leading European producer of specialty polypropylene nonwovens, to Quadrivio Group. The transaction was announced on July 16, 2021.