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 €5–25M.

What was the EBITDA of FOODNESS during the acquisition?

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

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/

What is the average EV/EBITDA multiple for the AgriFood sector in 2026?

The average EV/EBITDA multiple for the AgriFood sector in 2026 is 11.0x.

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Home Database AgriFoodFOODNESS

07/2019

FOODNESS acquired by RIELLO INVESTIMENTI PARTNERS

ITALY Food Processing / Beverages / Soft Drinks REV €5–25M

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 [members only] in 2018, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the AgriFood sector (11.0x).

-> 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

€5–25M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2018

2017

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
06/2023	RIELLO INVESTIMENTI PARTNERS	IL FORNAIO DEL CASALE	ITALY	Bakery / Pastry

REFERENCES

Revenue range: €5–25M

EBITDA range: €0–5M

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

FOODNESS acquired by RIELLO INVESTIMENTI PARTNERS

Context

Target

Multiples

Historical Financials (EUR)

Similar deals in Food Processing

Similar deals in Food Processing

Other operations with RIELLO INVESTIMENTI PARTNERS