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Investment Summary

Rhône Group Invests In Illy

On October 21, 2020, private equity firm Rhône Group invested in beverage company Illy

Investment Highlights
  • This is Rhône Group’s 1st transaction in the Beverages sector.
  • This is Rhône Group’s 2nd transaction in Italy.

Investment Summary
Date 2020-10-21
Target Illy
Sector Beverages
Investor(s) Rhône Group
Deal Type Stake Purchase

Target

Illy

Trieste, Italy
Illy is a producer and supplier of premium quality coffee. The company has a global footprint, generating sales in more than 140 countries, with the majority in Europe and with meaningful presence in North America and Asia. The company operates two roasting facilities, in Trieste and Milan, and supplies a broad suite of Illy-branded high-end coffee products, including roasted coffee beans for use in professional coffee machines at bars and retail outlets, roast and ground confections, and portioned coffee for home and office consumption, as well as coffee machines, capturing virtually all on-premise and off-premise consumption occasions. Illy was founded in 1933 and is based in Trieste, Italy.

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Investor(S) 1

Investor

Rhône Group

New York, New York, United States
Category Private Equity Firm
Founded 1996
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Rhône Group is a private equity and financial advisory firm focused on large-scale buyouts across North America and Western Europe. Areas of interest include energy, materials, industrials, retail, consumer products, healthcare, and financial services. Rhône was formed in 1995 and has offices in New York, Paris, and London.

DEAL STATS #
Overall 29 of 35
Sector: Beverages M&A 1 of 1
Type: Stake Purchase M&A Deals 4 of 6
Country: Italy M&A 2 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Lummus Technology

Houston, Texas, United States

Lummus Technology develops and implements process technologies. The Company licenses petrochemical, refining, gasification and gas processing technologies, and supplies catalysts, proprietary equipment and related services to customers worldwide. Lummus Technology was founded in 1907 and is based in Houston, Texas.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Global Knowledge

Cary, North Carolina, United States

Global Knowledge is a world leader in technical skills training, supporting major enterprises and IT professionals with innovative and flexible learning solutions and offering authorized content from major technology providers. Global Knowledge delivers training in multiple modalities, both on-demand and instructor-led through virtual delivery and classrooms, blended formats, and customized on-site training, directly and through a worldwide partner network. Global Knowledge was founded in 1995 and is based in Cary, North Carolina.

Sell $233M
Mergr

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