Clairfield advises the Fasolini family on the sale of Vip Air Empowerment Srl to Multi-Wing Group A/S
Vip Air Empowerment, a leading Italian manufacturer of axial fan solutions, was sold to Multi-Wing Group A/S, an Altor Equity Partners-backed manufacturer of impellers and axial flow fans for HVAC/R and engine cooling applications.
VIP Air Empowerment, founded in 1985 by the Fasolini family, has established a strong position in the Italian HVAC and axial fan market thanks to constant investments in new technologies and innovative solutions.
Founded in 1938, Multi-Wing is a global market and technology leader in custom-engineered impellers and axial flow fans for HVAC/R and engine cooling applications, with 2022 revenues of EUR 140 million. Headquartered in Denmark, Multi-Wing has a global presence with manufacturing and distribution facilities in North America, Europe, and Asia Pacific. In 2021, Swedish private equity Altor Equity Partners acquired a majority stake in Multi-Wing Group to support the vision of developing Multi-Wing into a world-leading fan solutions provider and technology winner for both HVAC and engine cooling applications.
The transaction underscores Multi-Wing’s commitment to crafting high-performance axial fan solutions. These innovative solutions are aimed at addressing the airflow shaping requirements of global industry-leading customers. Vip Air Empowerment will play a pivotal role in Multi-Wing’s transition to fan solutions. As part of the deal, the Fasolini family will remain actively engaged with the company, further bolstering the growth trajectory that was initiated in recent years.
Clairfield International acted as exclusive financial advisor to Fasolini family.
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