SCOUTING CAPITAL & FAMILY ADVISORS ADVISES A.P. FORM S.P.A. ON ITS ENTRY INTO THE THERMOFORMING PLATFORM PROMOTED BY KOINOS CAPITAL SGR

  • Milan, 5 May 2026A.P. Form S.p.A. joins the thermoforming platform promoted by Koinos Capital SGR. Lapi S.r.l. Società Benefit, controlled by the Koinos Uno fund, has acquired 100% of the company, marking a new development phase for the Veneto-based firm.
  • AP Form is among the leading operators in plastic thermoforming, with a well-established leadership position in the industrial refrigeration, medical and special vehicles segments.
  • In the transaction, A.P. Form was advised by Scouting Capital & Family Advisors as financial advisor, with a team composed of Managing Partner Filippo Bratta, Managing Director Giuseppe Pelliccioni and Director Elisa Rivi.
  • With this transaction, the company — founded 50 years ago and headquartered in Oderzo (TV) — consolidates its industrial positioning and prepares for a new development phase within an aggregation project focused on growth and value creation.
  • CEO Stefano Mazza will reinvest in the platform and will continue to hold his operational roles in the Company, in coordination with the thermoforming platform’s management.
  • In 2025, the company recorded revenues of approximately €6.5 million. It operates in a 5,000 square-meter facility and employs around 40 people, standing out for its continuous focus on technological innovation. The company will enrich the platform by introducing new production technologies, generating significant cross-selling opportunities and contributing to the strengthening of overall competitive positioning.
  • Legal aspects for A.P. Form were handled by GSLex, while tax aspects were managed by Studio Covre.
  • Koinos Capital SGR was advised by Alpeggiani Avvocati Associati as legal advisor, Studio RTZ for tax matters, EYfor financial and payroll due diligence, and ERM for EGH and EHS aspects.
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