M&A Deal Summary

Illva Saronno Holding Acquires Amaro Averna

On December 18, 2025, Illva Saronno Holding acquired beverage company Amaro Averna from Campari Group

Acquisition Highlights
  • This is Illva Saronno Holding’s 2nd transaction in the Beverages sector.
  • This is Illva Saronno Holding’s 1st transaction in Italy.

M&A Deal Summary

Date 2025-12-18
Target Amaro Averna
Sector Beverages
Buyer(s) Illva Saronno Holding
Sellers(s) Campari Group
Deal Type Divestiture

Target

Amaro Averna

Caltanissetta, Italy
Amaro Averna is a traditional Italian herbal liqueur (amaro) produced and offered today as a premium digestif with a bittersweet, complex flavour profile that blends citrus, herbs, and caramel notes. Amaro Averna is based in Caltanissetta, Italy.

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Buyer(S) 1

Buyer

Illva Saronno Holding

Saronno, Italy

Category Company
Sector Beverages
DESCRIPTION

Illva Saronno Holding is a multinational holding company with a diverse business portfolio of spirits present in over 160 countries. It is primarily known for Disaronno, "the world's favorite Italian liqueur", as well as for other great prestige products such as Tia Maria, Rabarbaro Zucca, Rump@blic, Artic Vodka, Isolabella Sambuca, and The Busker Irish Whiskey, produced at Royal Oak Distillery in Ireland. It produces and sells fine-quality wines such as Duca di Salaparuta, Corvo, and Florio. Illva Saronno Holding is based in Saronno, Italy.


DEAL STATS #
Overall 2 of 2
Sector: Beverages M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-14 Sagamore Spirit

Baltimore, Maryland, United States

Sagamore Spirit crafts rye whiskey while strengthening its collective communities. This includes building partnerships with the Maryland agricultural community and working with local farmers to grow and harvest grain. Sagamore is based in Baltimore, Maryland.

Buy -

Seller(S) 1

SELLER

Campari Group

Sesto San Giovanni, Italy

Category Company
Founded 1860
Sector Beverages
Employees4,749
Revenue 3.1B EUR (2024)
DESCRIPTION

Campari Group is a premium spirits group with a portfolio of over 50 brands, spanning spirits, the core business, wines, and soft drinks. Campari Group was founded in 1860 and is based in Sesto San Giovanni, Italy.


DEAL STATS #
Overall 3 of 3
Sector: Beverages M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
Country: Italy M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Picon

France

Picon is a traditional, market-leading French bittersweet aperitif with a unique orange flavour. Made from a base of herbs and fresh oranges which are dried, it is currently available in two versions: Amer Picon Club, an orange-based liqueur with a bittersweet flavour to be mixed with wine and cocktails, and Amer Picon Bière, to be mixed with beer. Picon was formed in 1837 and is based in France.

Buy €119M