When was FOODNESS acquired by RIELLO INVESTIMENTI PARTNERS?

FOODNESS was acquired by RIELLO INVESTIMENTI PARTNERS in 2019.

What was the revenue of FOODNESS at the time of the deal?

The revenue of FOODNESS at the time of the deal is estimated to be in the range of 5M - 25M EUR.

What was the EBITDA of FOODNESS during the acquisition?

FOODNESS's EBITDA is estimated to be in the range of 0M - 5M EUR.

How is the data for the FOODNESS 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 FOODNESS 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://bebeez.it/private-equity/il-fondo-italian-strategy-di-riello-investimenti-compra-il-73-di-foodness-coinveste-club-deal-di-privati/

← DATABASE

Home Database AgriFoodFOODNESS

07/2019

FOODNESS acquired by RIELLO INVESTIMENTI PARTNERS

ITALY Food Processing / Beverages / Soft Drinks REV 5M - 25M EUR

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.

FOODNESS, which reported an EBITDA margin of in 2018, 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 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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2018

2017

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
09/2019	HEINEKEN	GALLIA PARIS	FRANCE	Wines & Spirits
08/2019	PROGRESSIO SGR	POLENGHI	ITALY	Food Products
06/2019	HEINEKEN	OEDIPUS	NETHERLANDS	Wines & Spirits
04/2019	DANONE	MICHEL ET AUGUSTIN	FRANCE	Food Products
02/2019	PERMIRA	HANA GROUP	FRANCE	Food Products
12/2018	MADEMOISELLE DESSERTS	DELICE DES 7 VALLEES	FRANCE	Bakery / Pastry
11/2018	PARQUEST CAPITAL	SOPRAL	FRANCE	Petfood
11/2018	AMBIENTA	AROMATAGROUP	ITALY	Ingredients
11/2018	FRENCH FOOD CAPITAL	LES 2 MARMOTTES	FRANCE	Coffee & Tea
10/2018	INTERNATIONAL FLAVORS & FRAGRANCES (IFF)	FRUTAROM	ISRAEL	Ingredients

REFERENCES

Revenue range: 5M - 25M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FOODNESS by RIELLO INVESTIMENTI PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: foodness

Acquirer: riello investimenti partners