The Marguerite II Fund has completed the acquisition of a 25% stake in the GTS group (GTS) through a combination of purchase of shares from the Muciaccia family and capital increase to fund the GTS rolling stock investment plan. 

Headquartered in Bari, Italy, GTS is a leading intermodal freight transport operator offering national and international vertically integrated intermodal transport services across Europe and global freight forwarding, which enables direct control of all freight transportation phases. GTS reported ca. EUR111 million (US$131.09 million) revenues and more than EUR22 million (US$25.98 million) EBITDA in 2020, with ca. 23% growth compared to 2019. The group's rolling stock fleet currently includes 20 electric locomotives, 350 wagons, and 2,450 containers. 

Marguerite was advised by Santander (M&A), Bonelli Erede (legal), Steer (technical, commercial, and ESG), KPMG (tax, financial, and payroll), and Willis Tower Watson (insurance). GTS and the Muciaccia family were advised by Mediobanca (M&A), PwC TLS (legal), and Studio Damu (tax).