Portfolio

MM Deformação Metálica
Production of pipes, tubes and accessories for HVAC
FRN

Invested in
2015
Investment Rationale

MM Deformação Metálica offers its clients a comprehensive range of services, including the design, production, installation and maintenance of pipes and tubes for large projects (e.g. large shopping centres, factory units, office buildings, hotels) or small projects (e.g. retail shops, restaurants, server rooms). Management team has accumulated experience in the sector for more 30 years. Presence in Mozambique, Angola and Qatar.

The HVAC equipment world market represents around USD 92B, with an average estimated annual growth in demand of approximately 5.7% to 2018.

Strategy

Benefit from European economy recovery, particularly in the construction sector and from growth in emerging markets which are already being analysed to increase orders. Hire extra staff for the sales team to address new international markets.

FRN’s investment will enable working capital needs arising from the expected rise in turnover to be met, as well as allowance for increased installed capacity and optimisation of the production process through investment in fixed assets.