M&A Deal Summary

Alcedo SGR and FVS SGR Acquire Gourmet Italian Food

On July 25, 2019, growth capital firm Alcedo SGR and asset manager FVS SGR acquired food company Gourmet Italian Food

Acquisition Highlights
  • This is Alcedo SGR’s 2nd and FVS SGR’s 1st transaction in the Food sector.
  • This is Alcedo SGR’s 28th and FVS SGR’s 4th transaction in Italy.

M&A Deal Summary
Date 2019-07-25
Target Gourmet Italian Food
Sector Food
Buyer(s) Alcedo SGR
FVS SGR
Deal Type Buyout (LBO, MBO, MBI)

Target

Gourmet Italian Food

Sommacampagna, Italy
Gourmet Italian Food engages in the production of its own branded and unbranded (for third parties) ready meals with a wide range of products on offer from main meals such as pasta and rice dishes to meat and fish dishes, ready sauces, vegetable-side dishes, and desserts. Gourmet Italian Food was founded in 1998 and is based in Sommacampagna, Italy.

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Buyer(S) 2

Buyer

Alcedo SGR

Treviso, Italy

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2000
PE ASSETS 279M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcedo is a private equity group focused on providing growth capital to mid-sized companies in Northern Italy. Alcedo generally targets profitable businesses with strong growth potential, established market positions, and operating in defensible markets. The Firm's target investment size is €5 to €25 million in businesses valued up €120 million. Alcedo will consider opportunities in a variety of sectors, with a preference for businesses producing luxury, design or branded goods. Alcedo was formed in 2000 and is based in Treviso.

DEAL STATS #
Overall 28 of 33
Sector (Food) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 14 of 19
Country (Italy) 28 of 33
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 Atlantic Stars

Altopascio, Italy

Atlantic Stars is a manufacturer of high-quality dress shoes. Atlantic Stars is based in Altopascio, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Bertoncello

Romano d’Ezzelino, Italy

Bertoncello engages in the production and sale of fresh potato gnocchi as well as professional use flakes and mixed flours for gnocchi preparation. The company was founded towards the end of the 90s by the Bertoncello family, evolving from a small family-run pasta shop to a market leader in Italy in gnocchi production with a product range that includes more than 50 types of fresh, pre-cooked and frozen gnocchi. Bertoncello is based in Romano d’Ezzelino, Italy.

Buy -
Buyer

FVS SGR

Investor Investor

Category Asset Manager
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 4 of 10
Sector (Food) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 2
Country (Italy) 4 of 10
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-12 Cib Unigas

Padua, Italy

Cib Unigas is an operator of a company entirely dedicated to the production of gas burners and a producer of components for heating systems. Cib Unigas is based in Padua, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-30 Exor International

Lupatoto, Italy

Exor International SpA is a provider of industrial automation and is at the forefront of the Industry 4.0 Hardware-Software applications, the process that will lead to an automated and interconnected industrial production. Exor International is based in Lupatoto, Italy.

Sell -
Mergr

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