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”.