Press release

Ardian partners with Wise to accelerate the development of Corob, a global leader in automation solutions for dosing and dispensing

  • 09 July 2018

  • Expansion

  • France, Paris

Ardian, a world-leading private investment house, today announces the signing of an agreement with Wise SGR to acquire a majority stake in Corob SpA, a global leader in the supply of automation solutions for dosing and dispensing in the chemical, paint, coatings and ink industries. Ardian will invest alongside Wise SGR and Corob's senior management team to consolidate the repositioning of the company globally, maintain its technology leadership and accelerate Corob’s growth, both organically and through acquisitions.

Headquartered in San Felice sul Panaro (Modena, Italy), Corob supplies a wide range of high tech automation solutions used in the production and distribution of paints and coatings, inks and chemical substances worldwide, in addition to the related after-sales services. The current senior management team at Corob brings a wealth of strong global experience, and will continue to lead the company.
Corob was founded in 1984, introducing to the market the first automatic color dispensing system. In 2016 Wise SGR acquired 100% of the capital, and two acquisitions, in Canada and Southern Europe, have expanded the business by strengthening its industrial plants and after-sales service segments.
With more than 700 employees, 10% of which are employed in R&D, and a turnover of over €100 million, in addition to four  production and engineering centers in Italy, India, Canada and Finland and 14 commercial and services centers, Corob is the only player in the market able to combine a wide range of automation solutions with an excellent and widespread after-market service organization worldwide. 6% of the turnover is generated in Italy, 37% in the rest of Europe, Middle East and Africa, and the remaining 57% in America and Asia.

Ardian will work together with the management team in the growth strategy, both organic and through acquisitions, leveraging its international network. Well known for its strong presence in the point of sale market segment, the Company, supported by Ardian and Wise SGR, will accelerate its growth by investing in a further expansion of the industrial plants and the after-market services segments. 

Paolo Bergonzini, Managing Director and Head of Ardian Expansion in Italy, added: ”Corob is an excellent Italian company that already benefits from a strong worldwide appreciation for its highly specialized products. We will provide Corob with our experience and expertise and, together with the company and Wise, we will be able to bring out the full potential of this important Italian industrial company.”

Valentina Franceschini, Partner at Wise SGR, concluded: “We are very proud of how the company has grown in the last two years, both organically and through two acquisitions in 2017, and how we have contributed to the evolution of the group's growth strategy through a new corporate leadership and, more generally, the strengthening of the management team. We have also laid a solid basis on which Corob can continue to rapidly grow, to serve customers with distinctive and individual solutions. Ardian's entry is a great opportunity for Corob to further invest in its growth.”


Headquartered in San Felice sul Panaro (Modena, Italy), Corob S.p.A. has been a world leader in the supply of high technology automation solutions for dosing and dispensing for 35 years. The Group supplies applications in the paint and coatings, inks and chemical industries, as well as providing the related after-sales services on a global scale, thanks to a capillary organization dedicated to management and maintenance.
Founded in 1984, Corob now has around 700 employees, 4 production and engineering centers, 14 commercial and after-sales service centers around the world. In 2017 turnover exceeded 100 million euro, of which only 6% was generated in Italy.


Ardian is a French investment company and one of the world leaders in private equity with €88 billion under management and/or advisory in Europe, America and Asia. The company, which is majority owned by its employees, has always placed entrepreneurship at the heart of its approach and offers its international investors top-tier performance.

Through its commitment to sharing the value created with all stakeholders, Ardian participates in the growth of companies and economies around the world.

Since 2005, Ardian Infrastructure has developed solid industrial expertise in the field of infrastructure (energy distribution networks, renewable energies, road and rail infrastructure, airports, social infrastructure, etc.). In 15 years, the team has made 110 investments and currently manages more than €14 billion of assets in this field.

Ardian Infrastructure's approach is to support companies in their transformation to improve the quality of service to users by relying on innovation and the digitalisation of operations. In the environment sector, Ardian Infrastructure has, among other things, been a shareholder alongside Suez de Sita Cornwall and Sita Northumberland in the United Kingdom.


Wise SGR specializes in the management of Private Equity closed-end funds, investing in small and medium-sized companies, with a special focus on Italy. The funds managed by Wise are typically involved in Leverage Buy-Out and capital increase transactions, dedicated to companies that are leaders in their niche markets. The two major objectives are to lead “build-up” transactions, in order to enhance competitiveness and profitability, and to push the international development.

Wise, controlled by the management team, has currently two funds under management: Wisequity III, with commitment exceeding 180 M€, has three remaining companies in the portfolio: Colcom Group, NTC Controls, having already realized the investments held in Edos Media, Kijan, Primat, Biolchim and Alpitour. Wisequity IV closed the fund raising in March 2016 reaching its hard cap at 215 M€ and already invested the 50% of its own capital in five companies: Corob, Imprima, Tapì, Tatuus Racing and Aleph.



    • Advisor to the Fund: Ardian Italy S.r.l. (Paolo Bergonzini, Marco Molteni, Michela Peigottu, Luca Sigismondi, Elisabetta Bozzoni)
    • M&A buyside advisors: Vitale&co (Riccardo Martinelli, Mariacristina Moro, Azzurra Bisogno)
    • Accounting: KPMG (Matteo Contini, Lorenzo Brusa, Riccardo Lettieri)
    • Business: Goetzpartners (Giovanni Calia, Filippo Cerrone)
    • Legal / Corporate: Gattai, Minoli, Agostinelli, Partners Studio Legale (Stefano Catenacci, Lorenzo Fabbrini)
    • Legal / Finance: Gattai, Minoli, Agostinelli, Partners Studio Legale (Gaetano Carrello)
    • Tax: Gitti and Partners (Diego De Francesco, Alberto Pallicelli), KPMG (Stefano Cervo)
    • Environment: Tauw (Milena Brambilla)
    • Banks: Unicredit (Giovanni Vasini, Lorenzo Longo)
  • Wise SGR

    • Advisor to the Fund: Wise SGR S.p.A. (Valentina Franceschini, Davide Arrigoni)
    • Accounting: EY (Marco Ginnasi, Andrea Di Bella)
    • Business: Long Term Partners (Marco Occhetta, Simona Dossena, Lorenzo Colombo)
    • Legal: BonelliErede (Eliana Catalano, Augusto Praloran, Giorgia Ferretti)
    • Tax: Studio Spada (Guido Sazbon, Bernando Porcellini)

Press contact

ARDIAN Headland

Harriet Smith

+44 20 3435 7466

WISE SGR / Close to Media – società fondata da Elisabetta Neuhoff

Luca Manzato

02 70006237 – 335 8484706

WISE SGR / Close to Media – società fondata da Elisabetta Neuhoff

Adriana Liguori

02 70006237 – 345 1778974

WISE SGR / Close to Media – società fondata da Elisabetta Neuhoff

Lucrezia Martinoli

02 70006237