M&A Deal Summary

Consilium Acquires Gelit

On May 1, 2007, private equity firm Consilium acquired food company Gelit

Acquisition Highlights
  • This is Consilium’s 1st transaction in the Food sector.
  • This is Consilium’s 5th transaction in Italy.
Investment Fate
  • Gelit was sold to a publicly-traded strategic buyer in 2012.
  • Gelit was divested to a consortium of buyers in 2019.
  • Gelit was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2007-05-01
Target Gelit
Sector Food
Buyer(s) Consilium
Deal Type Buyout (LBO, MBO, MBI)

Target

Gelit

Doganella di Ninfa, Italy
Gelit is a provider of private label frozen ready meals sold in Italy and abroad. Recognised for its ability to develop new recipes and the extensive production flexibility in its Cisterna di Latina-based plant position, Gelit is the key first-meal and crepes private-label supplier for most of the main Italian Large Scale Retailers. Gelit was established in 1977 and is based in Doganella di Ninfa, Italy.

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Buyer(S) 1

Buyer

Consilium

Milan, Italy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 341M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Consilium is a private equity firm focused on small to mid-sized Italian companies. Consilium prefers to make majority investments and generally targets businesses generating €20 to €80 million in revenues. Prospective companies typically have strong management and a clear 'path to exit'. Consilium was formed in 2005 and is based in Milan.


DEAL STATS #
Overall 6 of 23
Sector: Food M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 17
Country: Italy M&A 5 of 22
Year: 2007 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 MFU Holding

Brescia, Italy

MFU Holding S.p.A., a wholesaler of fasteners and related products. MFU introduced value added services to its customers becoming the Italian independent operator in the fasteners distribution sector. MFU offers its customers services ranging from quality control to category management and integrated logistics.

Sell $58M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Marsilli & Co

Cremona, Italy

Marsilli & Co. is the leader in Europe and worldwide in the design and production of coil winding machines and automated lines.

Sell -