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ACETAIA FONDO MONTEBELLO

Acquired by

BEMYCOMPANY CAPITAL PARTNERS

ITALY Food Processing / Food Products EV 1m EUR - 100m EUR 01/2020

Target

ACETAIA FONDO MONTEBELLO

Acquirer

BEMYCOMPANY CAPITAL PARTNERS

Context

Bemycompany Capital Partners has acquired an initial 8% minority interest in Acetaia Fondo Montebello, with a structured agreement to increase the position to 16% within the first quarter of 2020. This investment represents a classic growth capital transaction aimed at professionalizing the target’s corporate governance and accelerating its international expansion roadmap. The strategic rationale for the deal centers on providing the target with the necessary capital and managerial expertise to establish direct commercial branches in North America and to evaluate opportunistic acquisitions of other balsamic vinegar producers. By integrating financial resources with a network of seasoned entrepreneurs and managers, the holding company seeks to prepare the SME for an eventual public listing.

ACETAIA FONDO MONTEBELLO, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the average currently observed in the AgriFood sector (10.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Acetaia Fondo Montebello, established in 1991 and headquartered in Pozza di Maranello, is a specialized producer of high-quality balsamic vinegar of Modena PGI. The company operates as a premium gourmet food entity, maintaining a product portfolio that extends beyond its core vinegar production to include specialized wines, organic tomatoes, and Sicilian extra virgin olive oil. Since its full acquisition by the Piccolo-Cantile family in 2013, the firm has undergone a significant strategic restructuring aimed at repositioning the brand as an international ambassador of the "Made in Italy" culinary tradition. Its business model is characterized by a strong export orientation, supported by a direct physical presence in key global markets, including a dedicated subsidiary in Houston and distribution points in Asia and Europe. The company combines traditional artisanal manufacturing processes with modern commercial strategies, targeting the high-end retail and hospitality sectors.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2019
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2018
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Other operations with ACETAIA FONDO MONTEBELLO

REFERENCES

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).