effort to fuel international growth, CEO Danilo Manetti said. Thegroup will entertain advisory approaches to help it find a suitable partner, headded.The groupwould like to raise EUR 10m from financial or strategic investors with retailand distribution experience to support its expansion plans in South America andRussia, Maletti said. In 2012 the group invested EUR 5m in Panama and Brazil.The CEO saidhe could consider selling a minority stake of 30% to realize the expansionplans. Management has frequently been approached by interested private equityfirms but has declined all offers to date, the CEO said. However, this strategyhas now changed.This year, thegroup aims to consolidate its position in Latin America. Within five yearsBrazil will generate a turnover of USD 50m, Maletti said. In the comingmonths, the group will open a factory in Sao Paolo, a new show room in Lima andan assembly plant in Paraguay.The next stepwill be to enter Colombia, Uruguay and Bolivia with others show room openings,Maletti said, adding that to realize this plan it will invest EUR 5m by 2015.In Russia,Maletti aims to inaugurate an assembly plant to exploit the market potential,investing EUR 3-4m this year. The CEO forecast that Russian exports would riseto 10% in five years from 5% in 2012.The rest ofEUR 10m raised would be invested in Africa. The group would like to open seven showrooms in the most important hotels in Nigeria, Kenya, Mozambique and SouthAfrica, the CEO said.Maletti is inadvanced talks to buy an American group with turnover of USD 30m which producesfurniture for hair salons. The CEO did not name of the group but said the dealwould push its turnover in North America and Canada, strengthening itsdistribution channel. He did not say how much would be invested but said thedeal would be financed using the company's own reserves.Malettigenerated a turnover of EUR 50m in 2012 with an EBITDA margin of 4-5%.Management expects to reach in 2013 a similar turnover and EBITDA to last year.Export accounts for 80% of Malettis turnover while the remaining 20% isgenerated in Italy. The group is well positioned in Russia, the Middle East,Latin America and Asia. Maletti said turnover from Latin America accounts for5% but within five years should make up 30%.Takara Belmontis Malettis main EU competitor for hair salon furniture, he said. Maletti group is located in Scandiano, near the cityof Reggio Emilia. Founded in 1936 by Guerrino Maletti, the Maletti Group isowned by Danilo Manetti (60) and his brother Guido (54). Value USD 66m(turnover in 2012).SourceProprietary Intelligence. Valenia Group considers M&A to expand product portfolio exec Telwin and ValeniaSpa units could acquire Minority stake inMetra might be divested Valenia Group, an Italian photovoltaics company, willconsider making acquisitions to grow its subsidiary Valenia Spa, general managerand co-owner Stefano Spillere said.Firms withinteresting products in the energy storage segment could complete Valenia Spasportfolio, currently focused on photovoltaic inverters for capacity of 6KW, headded.Acquisitionsto broaden the offering of Telwin, a producer of welding machines and batterychargers, are also being considered, Spillere said. Offers from companies forsale that operate in this space have been received, but a good fit has not beenfound as yet.Valenia Groupis