ESCA acquired by EUROPE CAPITAL PARTNERS
Context
Europe Capital Partners VII has acquired a majority stake in ESCA S.r.l. from the founding shareholders. The brothers Giuseppe and Patrizio Patrizi have reinvested to retain a minority stake and will continue in their operational roles (Plant Director and Commercial Director, respectively). The acquisition was financed by a pool of banks led by BCC Banca Iccrea and a private debt tranche provided by Tenax Capital.
ESCA, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.7x).
-> Deep-dive in AgriFood market trends
Target
Founded and operated by the Patrizi family, ESCA is a leading Italian producer of frozen ready-made sauces ("condimenti pronti"), primarily seafood-based (clams, mussels, seafood mix). The company distributes its products through large-scale retail channels (GDO) under its own brand and private labels. It is highly profitable and cash-rich.
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REFERENCES
Revenue range: 25M - 50M EUR
EBITDA range: 5M - 25M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: europe capital partners