Intesa Sanpaolo advises P.A. Aromatics on Investindustrial’s investment

24 July 2026

Intesa Sanpaolo supported P.A. Aromatics in the transaction involving Investindustrial’s investment in the company.

More specifically, an investment company independently managed and indirectly owned by Investindustrial Growth III SCSp entered into an agreement to invest in P.A. Aromatics.

Founded in 1984 in Pavia by the Montagna family, P.A. Aromatics is a leader in the development, production and marketing of high-quality flavour and fragrance products.

Through this partnership, Investindustrial and the Montagna family aim to accelerate the company’s growth in Italy and international markets by further strengthening its management and manufacturing capabilities and supporting its expansion strategy through both organic growth and M&A opportunities.

As part of the transaction, Intesa Sanpaolo’s IMI Corporate & Investment Banking Division acted as financial advisor to P.A. Aromatics and its shareholders.

The transaction is an example of corporate finance solutions for SMEs, enabled by Intesa Sanpaolo’s unique integrated advisory model, which combines the expertise of the Banca dei Territori Division (which serves retail and SME customers) and the Mid-Cap Corporate Finance team within the IMI Corporate & Investment Banking Division. This approach leverages specialist advisory skills and financial solutions traditionally reserved for larger corporates.

Intesa Sanpaolo continues to demonstrate its ability to support Italian companies in their growth, consolidation and capital-raising initiatives through an integrated advisory model that is distinctive in the market.