London | Luxembourg | Milan, 3 July 2026 – EOS Investment Management Group (EOS IM), an independent, multi-strategy alternative asset manager and a leading player in sustainable investment and the energy transition, specialising in identifying and developing opportunities within the key long-term industrial megatrends, through its subsidiary Donati S.p.A., of Elevator Commerce, a company operating in the Spanish market for the distribution of elevator components. Donati, the last remaining company held in the portfolio of the FYSIS FUND – EOS PRIVATE EQUITY fund, is today the European leader in the distribution of components for elevators and escalators. Elevator Commerce recorded revenues of approximately €22 million and expects EBITDA of over €3 million in its 2026 budget.
Thanks to this transaction, Donati further consolidates its leadership position in Europe, completing an extraordinary transformation begun with EOS IM's entry in 2022: in just four years, the Group has evolved from a predominantly Italian business, with revenues of €21.9 million and EBITDA of around €2 million, into a pan-European platform with expected aggregate pro forma revenues of over €72 million and pro forma EBITDA, including acquisitions, of over €9 million in the 2026 budget, with a compound annual organic growth rate of 14.6% over the 2022–2026 period, well above the industry average, and of 35% including acquisitions. Over this same period, the active customer base has more than doubled, from 1,800 to over 3,500, the product portfolio has grown from 10,000 to over 60,000 SKUs, and the geographic footprint has expanded to 14 operating sites across 7 European countries, with shipments to more than 80 countries worldwide.
To support this growth, Donati has invested significantly in its operational and technological infrastructure.
With its direct entry into the Spanish market through Elevator Commerce, Donati takes a further step in its strategy to become the leading distribution platform in the European market, through the consolidation of the main operators in individual countries.
The transaction saw the participation of SIMEST, a company of the CDP Group dedicated to the internationalization of businesses, which contributed with an investment of €7 million, made in part with resources from Fund 394 – Investments Section, an instrument managed under agreement with the Ministry of Foreign Affairs and International Cooperation.
In line with its mission and in order to promote sustainable development investments, EOS IM and SIMEST have also identified ESG targets relating to expenditure and investments supporting the technological transition which, once achieved, will enable the activation of economically advantageous terms in favor of Donati.
"The acquisition of Elevator Commerce, a very well-positioned operator, represents a fundamental step toward the definitive transformation of Donati into a leading platform in Europe, following the Italian company's previous expansion into Germany, France, Belgium and the Netherlands — the latter two through the acquisition of Elvacenter in 2024. The integration of Elevator Commerce by Donati is perfectly aligned with EOS IM's strategy, which fosters the growth of companies also through the push toward internationalization and the introduction of more sustainable and digital business models, enabling their transition from local players to structure organizations with an international scope," said Gianni Galasso, Senior Partner at EOS Investment Management.
"This important transaction represents the union of two leading companies operating in perfectly complementary product areas and geographic markets. Through a long-established strategy, Donati has successfully built a set of skills and vertical functions that have been integrated into a corporate project, managed by careful and thoughtful governance, into which the Elevator Commerce team will be integrated," added Alessandro Cattelan, CEO of Donati.
"The transaction with EOS IM and Donati is part of a path of international growth that is progressively transforming the Group into a European platform in the distribution of components for elevators and escalators. Continuing the previous intervention carried out more than a year ago, SIMEST today supports Donati in a further step of industrial development that strengthens its presence in the Spanish market through the acquisition of Elevator Commerce. A transaction that confirms the ability of SIMEST's instruments to support structured, medium-to-long-term internationalization strategies," noted Vera Veri, Head of Equity and Participatory Investments at SIMEST.
"I am thrilled to join forces with the Donati Group, with which we have long shared mutual esteem and the same vision for growth, and which will be able to draw on our combined experience to drive further international expansion. Together we will build a stronger and more resilient future, ensuring long-term success and value for all stakeholders involved," concluded Isaac Olivas Prat, Shareholder and CEO of Elevator Commerce.