At what enterprise value was ALICE PIZZA acquired in 2026?

You can find the full valuation details of ALICE PIZZA on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ALICE PIZZA when it was acquired by QUADRIVIO GROUP / CAPDESIA GROUP?

The exact EV/EBITDA multiple for ALICE PIZZA is available on mynth capital. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

What was the revenue of ALICE PIZZA at the time of the deal?

The revenue of ALICE PIZZA at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ALICE PIZZA during the acquisition?

ALICE PIZZA's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ALICE PIZZA acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ALICE PIZZA deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.quadriviogroup.com/it/media/rassegna-stampa/quadrivio-e-capdesia-acquisiscono-alice-pizza

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Home Database Retail & ConsumerALICE PIZZA

06/2026

ALICE PIZZA acquired by QUADRIVIO GROUP & CAPDESIA GROUP

ITALY Hospitality & Leisure / Hospitality / Restaurants / Chains REV 100M - 200M EUR

Context

Quadrivio & Pambianco, through its Made in Italy Fund II, and Capdesia Group have acquired 100% of Alice Pizza's share capital from Green Arrow Capital and the founding Giovannini family. This transaction marks the complete exit of Green Arrow Capital, which held its stake through the Idea Taste of Italy fund, as well as the exit of the historical founders who had accompanied the group's development for over three decades. The acquisition enables Alice Pizza to embark on a new chapter of growth, backed by two investors with recognized expertise in consumer goods, branding, and organized restaurant services. The new shareholders aim to accelerate the expansion of Alice Pizza's store network in Italy while significantly strengthening the brand's international presence, particularly in Europe, Asia, and North America. The post-acquisition strategy will focus on pursuing organic network growth, optimizing operations, and increasing brand awareness in international markets. The investors also intend to leverage the highly standardized and scalable nature of the Alice Pizza concept to replicate its Italian success abroad. Additionally, commercial and operational synergies may be explored with La Piadineria, another major player in Italian fast food supported by CVC funds. The financing for the transaction was provided by a banking pool comprising BPER Banca, Banca Ifis, Banca Sella, and UniCredit. This acquisition represents the seventh investment made by Made in Italy Fund II and highlights the growing interest of investors in Italian restaurant brands with strong internationalization potential.

ALICE PIZZA, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).

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

Founded in Rome in 1989 by the Giovannini family, Alice Pizza is a leading Italian player in the quick-service restaurant sector, specializing in "pizza al taglio," a iconic format that involves selling rectangular slices of pizza by weight. The brand has established itself by offering a unique value proposition that combines artisanal quality, speedy service, and affordable pricing, allowing it to cater to a broad customer base that ranges from students to families and urban professionals. Over the decades, Alice Pizza has developed a standardized and easily replicable restaurant model, built around a diverse range of recipes, high product turnover, and a consistent customer experience. The group operates an extensive network of outlets, comprising both company-owned and franchised locations, which provides it with a direct presence in key markets and the ability to rapidly expand through local partnerships. Historically, the brand has been deeply rooted in Rome and Milan, but has gradually expanded its presence across Italy and begun to internationalize in several European and non-European countries. The company also benefits from strong brand recognition among Italian consumers and a wealth of operational expertise developed over more than thirty years. This expertise is further enhanced by the Alice Academy, an in-house training center created to train future pizzaiolos and ensure uniform quality standards across the entire network.

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2024

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REFERENCES

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ALICE PIZZA by QUADRIVIO GROUP / CAPDESIA GROUP are reserved for mynth community members. Register for free to unlock full data.

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

Target: alice pizza

Acquirer: capdesia group / quadrivio group