M&A Deal Summary

Permira Acquires La Piadineria

On December 22, 2017, private equity firm Permira acquired restaurant La Piadineria from DeA Capital Alternative Funds SGR for 250M EUR

Acquisition Highlights
  • This is Permira’s 4th transaction in the Restaurants sector.
  • This is Permira’s 55th largest (disclosed) transaction.
  • This is Permira’s 11th transaction in Italy.
Investment Fate
  • La Piadineria was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2017-12-22
Target La Piadineria
Sector Restaurants
Buyer(s) Permira
Sellers(s) DeA Capital Alternative Funds SGR
Deal Type Secondary Buyout
Deal Value 250M EUR

Target

La Piadineria

Montirone, Italy
La Piadineria offers freshly made “Piadinas”, a typical Italian product consisting of flatbreads filled with a broad variety of ingredients. La Piadineria was founded in 2000 and is based in Montirone, Italy.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 114 of 159
Sector (Restaurants) 4 of 4
Type (Secondary Buyout) 25 of 42
Country (Italy) 11 of 14
Year (2017) 6 of 6
Size (of disclosed) 55 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Atrium Innovations

Westmount, Quebec, Canada

Atrium Innovations Inc. engages in the innovation, formulation, production, and commercialization of science-based and professionally-endorsed products for health and nutrition industries. Atrium’s largest brand, Garden of Life®, is the #1 brand in the natural supplement industry in the U.S. Garden of Life, headquartered in Palm Beach Gardens, Florida, manufactures certified organic, non-GMO supplements that are sold in more than 14,000 health food stores and online in the U.S., as well as select markets internationally.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-17 Motus

Boston, Massachusetts, United States

Motus is a technology-driven provider of vehicle management and reimbursement solutions and other mobile workforce management tools. The company provides a sophisticated configuration engine that incorporates real-time data across hundreds of variables to drive significant cost reductions for companies reimbursing employees for business miles driven while helping to ensure regulatory compliance. Motus was founded in 2004 and is based in Boston, Massachusetts.

Buy -

Seller(S) 1

SELLER

DeA Capital Alternative Funds SGR

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2006
PE ASSETS 1.9B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

DeA Capital Alternative Funds SGR is an Italian alternative investment group focused on fund-of-funds and direct co-investment opportunities. The Firm considers opportunities throughout North America and Europe. DeA Capital Alternative Funds was established in 2006 and is headquartered in Milan.


DEAL STATS #
Overall 2 of 7
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (Italy) 2 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-27 Cartiere Pigna

Alzano Lombardo, Italy

Cartiere Paolo Pigna SpA is a manufacturer of paper products. Cartiere Paolo Pigna was founded in 1939 and is based in Alzano Lombardo, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-09 Corin Group

Cirencester, United Kingdom

Corin Group is an international orthopaedic company with a direct presence in a majority of the world’s orthopaedic markets. Corin’s vision is to revolutionize orthopaedics by gaining, understanding and sharing insight at every stage of the arthroplasty experience. The unique combination of shared knowledge and clinically-proven implants delivers better outcomes and maximises healthcare value for patients, surgeons and healthcare providers. Corin Group was founded in 1985 and is based in Cirencester, England.

Sell -