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Private Equity: Clessidra buys Mondodelvino

With Botter it aims at sector leadership

Clessidra Private Equity Sgr, on behalf of the Clessidra Capital Partners 3 fund, has signed an agreement for the acquisition of a majority stake in Mondodelvino, an Italian wine group led by the Martini family. The move by the asset management company headed by the Pesenti family (Italmobiliare) comes after the acquisition of the Venetian Botter, announced on 11 March last. As happened for the Botter family, which has re-invested in the group and continues to hold managerial roles, the Martini family will also remain in the shareholding structure and will continue to hold important operational positions, together with the rest of the company's top management, thus ensuring the management continuity of the company.

Characterized by constant growth over the course of three decades, Mondodelvino is now firmly positioned among the top twenty Italian wineries and among the top ten private ones. A development path not interrupted even in the year of Covid, closed with revenues up by more than 6% and equal to about 120 million euros, 90% made abroad mainly in the UK, Germany, the Nordic countries, Canada and Russia. With MGM Srl, the main company of the group, and its estates Cuvage, Ricossa, Poderi dal Nespoli and Barone Montalto, the Mondodelvino group represents a reference in the wine sector. This investment is also part of the broader consolidation plan in the Clessidra wine sector. Mondodelvino constitutes, in fact, a further important step in the path of creating an Italian leader in the sector, a player that, already considering the two companies in the portfolio, will become the first Italian private operator in terms of total revenues with approximately 350 million euros realized in 2020. Furthermore, the two companies show a high degree of complementarity both in terms of wine denominations and geographic markets served.

"After the Botter operation, we continued to search for company profiles suitable for our project to create an Italian leader in the sector", commented Andrea Ottaviano, CEO of Clessidra Private Equity, "Mondodelvino, for competitive positioning, international orientation and offer of denominations and brands has characteristics absolutely compatible with the strategic objective of consolidation. The decision to focus on Mondodelvino was also supported by the full sharing of our project with the Martini family and the rest of the top management”.

“We are very happy that Clessidra has decided to include Mondodelvino in its consolidation project - commented the Martini family -. We are aware of the role and importance of being able to count on a partner like Clessidra to accelerate the path of growth and development, while maintaining the values of the founders. We want to thank our historical partners Roger Gabb and Christoph Mack for the precious contribution made in these 30 years and all the collaborators who have contributed to the success of the company. We are confident that Clessidra and his team will support us in this new path, in line with what is already happening with Botter”.

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EFA News - European Food Agency