Partner Story: SOL SpA

Private Credit

April 24, 2023

Founded in Italy in 1927, the SOL Group operates in the production, applied research and marketing of technical and medical gases.

Watch our partner story to learn more about the long-standing relationship between SOL and PGIM, with a total of 5 transactions over 10+ years.

Growth Capital

During the European sovereign debt crisis, SOL was looking for growth and investment capital. As banks were pulling back, we stepped in. Our existing experience in the sector helped us build trust and start a relationship with SOL.

In 2012, we completed our first transaction, and in total have closed 5 transactions across more than €250 million. Notably, a few years after our first transaction, we opened our first office in Italy, establishing a local presence which allowed for frequent contact and a stronger long-term relationship.

“PGIM understands the market. There is trust and openness, and I think this is the most important thing in any business relationship.”

Marco Annoni, Vice Chairman and Managing Director
SOL Group

Our Approach‍

We have boots-on-the-ground understanding of regional industries, market conditions, trend and customs, and get to know you and your business personally.

We are proud to call SOL Group a partner and look forward to supporting the Company as they continue to achieve their goals.

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