1. Home >
  2. M&A >
  3. Secondary Buyout >
  4. Italy >
  5. Equinox Exits Salpa & Cherubini

Investment Summary

Equinox Exits Salpa & Cherubini

On December 21, 2023, private equity firm Apheon invested in food company Salpa & Cherubini from Equinox

Investment Highlights
  • This is Apheon’s 4th transaction in the Food sector.
  • This is Apheon’s 10th transaction in Italy.

Investment Summary
Date 2023-12-21
Target Salpa & Cherubini
Sector Food
Investor(s) Apheon
Sellers(s) Equinox
Deal Type Secondary Buyout

Target

Salpa & Cherubini

San Giustino, Italy
Salpa & Cherubini is a confectionery company specialized in the production of high-quality ice cream cookies, chocolate decorations, covers, inclusions and toppings, gluten-free products, cookie dough and breadcrumbs for top multinationals in the ice cream, yogurt and confectionery industries and retailers and global clients with the highest international standing, including multinationals such as Unilever, Froneri, Nestle, Ferrero, Mars, Sammontana, Findus, etc. Salpa & Cherubini was founded in 1934 and is based in San Giustino, Italy.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

Apheon

Brussels, Belgium

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 2.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Apheon is a generalist private equity firm that invests in middle-market companies throughout the Benelux, Italy, Iberia, France, and Switzerland. Ergon looks to invest €25 to €75 million in businesses with sustainable competitive advantages and operating in 'attractive' niche markets. Apheon was formerly knowns as Ergon Capital Partners. The Firm was formed in 2005 and is based in Luxembourg.

DEAL STATS #
Overall 40 of 40
Sector: Food M&A 4 of 4
Type: Secondary Buyout M&A Deals 13 of 13
Country: Italy M&A 10 of 10
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Fiabila

Maintenon, France

Fiabila is a cosmetics CDMO specialized in the development, manufacturing and packaging of nail polish and nail care products. Fiabila was founded in 1977 and is based in Maintenon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 Dolciaria Acquaviva

Naples, Italy

Dolciaria Acquaviva is a player in the attractive frozen bakery market recognized for its high-quality and innovative products. Dolciaria has a wide product portfolio serving, directly and indirectly, more than 20 thousand customers across Italy. Dolciaria Acquaviva was founded in 1979 and is based in Naples, Italy.

Sell -

Seller(S) 1

SELLER

Equinox

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 900M EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Equinox is a private investment firm focused on acquiring lower middle-market Italian companies. The Firm generally pursues family-owned companies and has a particular interest in under-managed/under-valued opportunities. Sectors of interest include industrial, environmental, leisure, consumer, retail, life science, healthcare, and transportation. Equinox was established in 2001 and is headquartered in Luxembourg.

DEAL STATS #
Overall 4 of 4
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Italy M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 Modulblok

Pagnacco , Italy

Modulblok is a Italian manufacturer of storage systems for the logistic industry. The Company offers a portfolio of products for the static market, with excellent anti-seismic characteristics and a wide range of tailor-made solutions. Modulblok was founded in 1976 and is based in Pagnacco, Italy.

Buy -
Mergr

Solution for

Product

Company

Legal