• Founded in 1928 and headquartered in Bergamo, Italy, Bracchi is a leading transport and logistics operator with seven offices and 12 logistics hubs across Europe 
  • Bracchi offers a complete range of solutions in transport and logistics – from special and heavy transportation to technological integration and automation – for various end markets including agriculture, cosmetics, and fashion
  • In 2016, Bracchi was acquired by Iniziativa Gestione Investimenti SGR, an independent private equity firm, alongside other institutional investors 
  • Argos Wityu is an independent European private equity group, focused on acquisitions and investments in line with its two strategies: the Midmarket fund – helping companies implement ownership transitions – and the Climate Action fund – aiming to reduce the environmental impact of its companies and shape sustainable leaders


  • DC Advisory was engaged as sole financial advisor by Argos Wityu in relation to the acquisition of Bracchi
  • DC Advisory worked closely with Argos Wityu during the entire buy-side process, providing comprehensive financial and strategic advice across a number of strategies, including:
    • Debt structuring and packaging;
    • Decarbonisation strategy revision; and
    • Documentation negotiation and preparation


  • On 30 October 2023, Argos Wityu signed a Sale and Purchase Agreement with IGI for the acquisition of Bracchi
  • The transaction closed 14 December 2023
  • The Bracchi management team will remain to drive the business into its new sustainable growth phase
  • This transaction represents the first deal of Argos Wityu’s Climate Action fund
  • This transaction further strengthens DC Advisory’s expertise in the Industrials space and track record of providing clients with comprehensive buy-side advice

“This transaction represents a fundamental milestone in the history of our firm, sustaining the Argos objective to transform European SMEs into environmental champions. I would like to thank Giuliano and the entire DC Advisory team for their invaluable guidance, wealth of expertise and strong commitment throughout such a complex process.”

Lucio Ranaudo
Partner, Argos Wityu

“We are extremely pleased to have advised Argos Wityu on their first investment of the newly launched Climate Action fund, and we are confident that this represents a further step toward a more sustainable European economy. With this transaction, we have helped a leading European company reach a key milestone in the decarbonisation of the logistics sector, paving the way for a strategic transformation towards sustainability."

Giuliano Guarino
Co-Head, DC Advisory Italy