NUOVA CASTELLI acquired by CHARTERHOUSE
Context
Charterhouse Capital Partners acquired an 80% majority stake in Nuova Castelli's cheese business. The transaction involved a complex corporate reorganization: the group's canned tuna business (Airone, operating in Cote d'Ivoire) was carved out and retained by the founding president. The founder kept a 20% minority stake in the cheese entity to ensure continuity.
NUOVA CASTELLI, which reported an EBITDA margin of LOGIN in 2013, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.9x).
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
Headquartered in Reggio Emilia, the heart of Italy's "Food Valley," Nuova Castelli is the leading Italian manufacturer and exporter of Parmigiano Reggiano DOP. The company operates five production plants across Italy and Hungary. Beyond its flagship Parmigiano, the group produces and distributes a wide range of Italian hard cheeses, including Grana Padano and Gorgonzola. Nuova Castelli is distinctively export-oriented, generating 90% of its revenue outside Italy.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 250M - 500M EUR
EBITDA range: 25M - 50M EUR
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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: nuova castelli
Acquirer: charterhouse