FOODNESS
Acquired by
RIELLO INVESTIMENTI PARTNERS
FOODNESS acquired by RIELLO INVESTIMENTI PARTNERS
Target
FOODNESS
Acquirer
RIELLO INVESTIMENTI PARTNERS
Context
Riello Investimenti SGR has acquired a 73% majority stake in Foodness S.p.A. The remaining capital is held by the founders (Paolo Fermi, Franco Lusetti, and Alberto Andrei), who retain their management roles, alongside industry veterans Mario Muttoni and Roberto Venturi. Additionally, a "Club Deal" of private investors organized by Pigreco Corporate Finance has co-invested in the transaction. This partnership aims to support Foodness's rapid growth trajectory (CAGR +40%) and consolidate its leadership in the "wellness" beverage niche within the HoReCa channel.
This transaction is part of the AgriFood industry, which currently tracks an average EBITDA multiple of 10.1x since the beginning of 2026, 9.8% decrease compared to 2025. 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 2014 and headquartered in Mantua, Foodness is an Italian leader in the production and distribution of "Free From" soluble products serving as alternatives to traditional espresso. Its portfolio includes ginseng coffee, barley coffee, herbal teas, infusions, and gelato creams (bases). The brand is distinct for its focus on wellness (no hydrogenated fats, no gluten, low sugar). It serves over 17,000 bars and restaurants (HoReCa channel) across Italy, as well as the Vending and Large-Scale Retail (GDO) sectors.
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Multiples Analysis
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with FOODNESS
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