HYDRO HOLDING was set up as the newco resulting from the merger of Tieffe S.p.a. and FB Group S.p.a., two companies active in the production of oleodynamic components for the construction, mining and agricultural industries. Two additional companies, Raccorfer and MCS Hydraulics, were subsequently acquired and integrated.
A RCP partner covered the roles of Tieffe CEO and later of Group M&A Director.
RCP invested in Hydro Holding in January 2015. The company was sold to the PE fund NB Renaissance Partners in 2018.