M&A Deal Summary

Change Capital Partners Acquires Sebeto

On January 20, 2011, private equity firm Change Capital Partners acquired restaurant Sebeto from Green Arrow Capital for 54M EUR

Acquisition Highlights
  • This is Change Capital Partners’ 1st transaction in the Restaurants sector.
  • This is Change Capital Partners’ 3rd largest (disclosed) transaction.
  • This is Change Capital Partners’ 3rd transaction in Italy.
Investment Fate
  • Sebeto was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2011-01-20
Target Sebeto
Sector Restaurants
Buyer(s) Change Capital Partners
Sellers(s) Green Arrow Capital
Deal Type Secondary Buyout
Deal Value 54M EUR
Advisor(s) Banca IMI S.p.A. (Financial)
Dewey & LeBoeuf LLP (Legal)

Target

Sebeto

Napoli, Italy
Sebeto is an operator of casual-dining restaurants in Italy and 11 other countries, including the flagship Rossopomodoro pizza chain. Rossopomodoro is one of the best-known restaurant chains in Italy, with a strong identity and a very high brand awareness. It has more than 60 branches across the country and more than 20 outlets internationally, including the US, the UK, Germany, Denmark, and Turkey.

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Buyer(S) 1

Buyer

Change Capital Partners

London, United Kingdom

Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Change Capital Partners LLP (CCP) is a specialist private equity firm that invests in mid-market retail and consumer goods businesses throughout Europe. CCP seeks controlling positions and looks to invest €20 to €50 million in companies valued from €20 to €250 million. The Firm will consider a variety of transaction situations, including buyouts, corporate divestitures, turnarounds and take privates. Change Capital Partners LLP was formed in 2003 and is based in London.

DEAL STATS #
Overall 7 of 11
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 3 of 3
Country (Italy) 3 of 4
Year (2011) 1 of 4
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-19 Republic Retail

Leeds, United Kingdom

Republic Retail is a UK apparel retailer of young adult fashion with a differentiated multi-brand concept offering consumers a wide range of proprietary house brands and 3rd party brands.

Sell £300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-16 SCHNEEKOPPE KG

Buchholz,

SCHNEEKOPPE GmbH & Co. KG food brand producing natural and healthy food products.

Buy -

Seller(S) 1

SELLER

Green Arrow Capital

Milan, Italy

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2000
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Green Arrow Capital is an asset management firm focused on private equity, private credit, real estate, and energy investments throughout Italy. The Firm's private equity arm focuses on majority and select minority investments mid-sized companies. Green Arrow is a hands-on investment group, looking to assist management with 'financial, international and operational strategies'. Green Arrow Capital was formed in 2000 and is based in Milan.

DEAL STATS #
Overall 4 of 12
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 2 of 7
Country (Italy) 3 of 10
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 RGI Group

Milan, Italy

RGI Group is an Independent Software Vendor, a European leader in the digital transformation of Insurers. RGI Group has been committed for more than 30 years to the Insurance industry. RGI Group was founded in 1987 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-27 Bimbo Store Srl

Modena, Italy

Bimbo Store Srl, based in Piacenza, is a retail chain focusing on 0 - 4 year old babies/children, an innovative distribution concept characterized by wide and deep product offer (clothes, baby furniture, strollers, cosmetics, personal care and OTC products, games, books, food, drink and napkins), qualified customer service, mother and baby support and good price/quality ratio, all within accessible and comfortable locations.

Buy -
Mergr

Product

Company

Legal