Koinos Uno Acquires Majority Stake in Thermoforming Specialist Lapi

Acquisition in Italy Thermoforming: Koinos Capital acquires a majority stake in Lapi

2025-01-14 Source: Koinos Capital 2 min Reading Time

Related Vendors

Lapi, a leading Italian thermoforming specialist, has sold a majority stake to Koinos Uno, the private equity fund of Koinos Capital SGR. The partnership includes a five-year plan to increase production capacity, expand globally and advance sustainability efforts.

Lapi operates across three production facilities, manufacturing components for a wide range of applications in various industrial sectors, including special vehicles, agriculture, earth-moving equipment, logistics, industrial machinery and medical devices.(Source: Lapi) — Lapi operates across three production facilities, manufacturing components for a wide range of applications in various industrial sectors, including special vehicles, agriculture, earth-moving equipment, logistics, industrial machinery and medical devices.
(Source: Lapi)

Koinos Uno, private equity fund of Koinos Capital SGR, an independent multi-strategy investment firm, announces the acquisition of a majority stake in Lapi, a leading Italian player specializing in computer-aided thermoforming of durable goods and industrial components. The transaction aims to create an integrated platform offering comprehensive solutions, a high level of service and a strong focus on sustainability.

The development plan driving the project includes a five-year investment program designed to increase Lapi’s production capacity and competitiveness, both domestically and internationally. Furthermore, it seeks to facilitate the consolidation of specialized players in Italy and abroad – particularly in Spain, France and the United States – focusing on materials or market segments not yet covered by the company.

The acquisition was finalized through the sale of shares held by the shareholders — Vaifro and Piero Campanini, and Lorenzo Baldi — and the simultaneous reinvestment by Dimitri Campanini, one of the founders’ son and Lapi’s Sales Manager, who will continue his journey within the company.

Founded in 1989 in Barco di Bibbiano (RE), Lapi operates across three production facilities, manufacturing components for a wide range of applications in various industrial sectors, including special vehicles, agriculture, earth-moving equipment, logistics, industrial machinery and medical devices. The company, with a team of over 80 employees and more than 150 clients, closed 2023 with an EBITDA of approximately 3 million euros. Between 2012 and 2023, Lapi achieved a CAGR of around 6 percent, demonstrating strong resilience to the economic cycles experienced over the years.

With its involvement, Koinos will also support Lapi — which, as part of the transaction, has chosen to become a Benefit Corporation starting from the closing — in the development of its ESG plan, aiming to achieve its B-Corp certification in the coming years. To date, the company has already implemented several high-impact sustainability initiatives, both environmentally — such as the installation of photovoltaic systems that have reduced CO₂ emissions by 160 tons/year — and in in the production and social spheres, with various projects benefiting employees and the local community.

(ID:50283257)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Date: 08.12.2025

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planck-Str. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

Additionally, my consent also includes the processing of my email address and telephone number for data matching for marketing purposes with select advertising partners such as LinkedIn, Google, and Meta. For this, Vogel Communications Group may transmit said data in hashed form to the advertising partners who then use said data to determine whether I am also a member of the mentioned advertising partner portals. Vogel Communications Group uses this feature for the purposes of re-targeting (up-selling, cross-selling, and customer loyalty), generating so-called look-alike audiences for acquisition of new customers, and as basis for exclusion for on-going advertising campaigns. Further information can be found in section “data matching for marketing purposes”.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here. This does not apply to data matching for marketing purposes.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://contact.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.