Ergon Capital Partners acquires Dolciaria Acquaviva
A leading company in the Italian frozen bakery sector
Ergon Capital Partners acquires the majority of Dolciaria Acquaviva, the leading and fast growing frozen bakery Italian business. The Acquaviva family will reinvest into the deal and Pierluigi Acquaviva will continue to lead the business as CEO. Houlihan Lokey served as sole financial advisor to Dolciaria Acquaviva throughout the sale process.
Founded in 1979 in Ottaviano, close to Naples, Dolciaria Acquaviva is a leading company in the Italian frozen bakery sector, with a range products of more than 500 references between sweet and savoury, including vegan product lines. The company, linked with the Elite Program of Borsa Italiana (London Stoke Exchange Group) operates through one manufacturing plant in the area of Naples (Southern Italy), characterized by cutting-edge systems with high production capacity of 530 mln pieces per year, distributing its products through distributors, modern trades and direct branches with more than 70 agents. The 2018 sales were around Euros 60Mln.
Ergon is a mid-market private equity investment company with in excess of €1.0 billion of assets under management from select European institutional investors and family offices, including Groupe Bruxelles Lambert, through its fully owned subsidiary Sienna Capital, as cornerstone investor. Since its inception in 2005, over successive investment programs, Ergon has raised approximately €1.6 billion, invested in 23 companies (of which 7 in the Benelux, 3 in France, 3 in Germany, 8 in Italy and 2 in Spain) and completed 44 add-on acquisitions for a total aggregate transaction value in excess of €4 billion.
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