OC&C advises Sicer in ceramics deal

We are pleased to congratulate Sicer, a global leader in the development and production of premium specialty coatings for the ceramic industry, on its recent investment from Ardian.

Ardian acquired a minority stake in Sicer in partnership with the company’s founders, who are reinvesting to secure a majority stake. The seller in this transaction is the private equity fund Demos 1, managed by Azimut Libera Impresa SGR (Azimut Group).

Headquartered in Fiorano Modenese, Sicer specialises in innovative, high-performance coatings such as frits, glazes, engobes, and inks. These products are critical for the surface treatment of high-end ceramic tiles, enhancing their durability, resistance, and aesthetics.

Sicer has a strong presence in major global ceramic hubs, with production facilities in Italy, Spain, the United States, Mexico, India, and Indonesia.

Ardian’s investment will enable Sicer to further consolidate its position in the European market, particularly in Italy and Spain—key growth regions for high-end ceramic products. The company also plans to expand its footprint in the United States and India, leveraging its innovative product portfolio and strong international customer relationships.

Sicer’s growth strategy focuses on enhancing production capabilities, developing new products, and exploring potential acquisitions to strengthen its global market position.

OC&C and Private Equity

We’re a leading global strategy consultancy, with deep expertise in the building materials sector, working with both major global corporations and local champions. In private equity, we have commercially advised on more than 500 successful transactions over the last 5 years, encompassing sell-side and buy-side roles.

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• We provide commercial due diligence and vendor due diligence for transactions.
• We assist investors with accelerating or improving their portfolio companies’ performance.
• We help investors identify potential investment themes or assets to target
• We can translate your investment thesis into an actionable 3-5 year value creation plan.

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