PROEL is a leading company in the design, manufacture and sale of
audio, video and lighting systems for the world of entertainment
and special events as well as for AVL Systems. Based in Italy, in
Sant Omero (Te), the company was established in 1991 by the current
Chairman and reference shareholder, Mr Fabrizio Sorbi, who can
boast a considerable experience in this field. The last few years
have witnessed a remarkable growth of the company, which has taken
advantage of the opportunities provided by a highly fragmented and
often monoproduct competition and developed from the original 6
founding members to the current 200 employees and consultants.
In 2007 PROEL acquired the historic English company Turbosound
Ltd., leader in sound reinforcement, whose name has always been
associated with international tours and legendary rock bands (Pink
Floyd, Iron Maiden, Dire Straits, The Shadows, Robbie Williams,
Jamiroquai, Nine Inch Nails, Natasha Bedingfield, David Gilmour and
so on ).
In September 2003 a private equity group invested in the company,
acquiring a minority stake, with the aim of supporting its
development and its listing on the Italian Stock Exchange. This
operation immediately produced a strong boost in the management s
motivation and provided PROEL with a reliable and qualified
corporate governance advising team.
The private equity group is currently represented by Alcedo SGR
SpA, which manages Cardine Impresa and Eptasviluppo closed-end
securities funds and by Sanpaolo Imi Investimenti per lo Sviluppo
SGR, which manages the Fund for the promotion of venture capital
for the South of Italy .