Investment Summary

Consilium and Progressio SGR Exits Gelit

On November 27, 2024, invested in food company Gelit from Consilium and Progressio SGR

Investment Highlights
  • This is transaction in the Food sector.
  • This is transaction in Italy.

Investment Summary

Date 2024-11-27
Target Gelit
Sector Food
Sellers(s) Consilium
Progressio SGR
Deal Type Secondary Sale

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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Seller(S) 2

SELLER

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 14 of 14
Sector: Food M&A 2 of 2
Type: Secondary Sale M&A Deals 1 of 1
Country: Italy M&A 14 of 14
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-22 GMM Group

Gravellona Toce, Italy

GMM Group is an international brand that produces bridge saw machines for stones. The company has two production plants in Italy and two foreign branches to serve the North America and the Asia Pacific markets. GMM Group is based in Gravellona Toce, Italy.

Sell €87M
SELLER

Progressio SGR

Milan, Italy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 730M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Progressio SGR S.p.A. is an independent private equity firm focuses on acquiring small and mid-sized companies located in Italy. The Firm targets growth potential industrial and services companies. It looks to invest in businesses with revenues of €30 to €150 million. Progressio seeks to acquire majority or minority stakes in portfolio companies. Prospective transaction situation includes MBO, MBIs, and development capital. Progressio was formed in 2005 and is based in Milan.


DEAL STATS #
Overall 11 of 11
Sector: Food M&A 1 of 1
Type: Secondary Sale M&A Deals 2 of 2
Country: Italy M&A 11 of 11
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Officine S. Giacomo

Vittorio Veneto, Italy

Officine S. Giacomo is a developer and producer of small and medium-sized mechanical presses, suitable for versatile uses in a broad spectrum of applications, including electronics, pharma, consumer goods and e-mobility. Throughout its history, the Company has produced presses distributed in Italy, Europe and North America, with exports accounting for half of total turnover. Officine S. Giacomo is based in Vittorio Veneto, Italy.

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