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Marco Polo Advisor announces the creation of VIVALDI GROUP acting as financial advisor of the parties involved.
Unigrains Italia consolidates the bakery-pastry ingredients and semi-finished products distribution channel with the creation of VIVALDI GROUP
Constituted through the union of 4 family-owned SMEs, VIVALDI GROUP is a leading Italian distributor of ingredients and semi-finished products in pastry, bakery and ice creams
Milan (MI), June 7th, 2023 – The shareholders of CPC Food Srl, Eurodolce Srl, Marper Srl, Nuova-Neue Serpan Srl, backed by Unigrains Italia, the Italian subsidiary of Europe’s leading agri-food investor, Unigrains, have established VIVALDI GROUP, a new Italian leader in the distribution of ingredients and semi-finished products for bakeries, pastry shops, ice cream parlors, for the Hotel-Restaurant-Catering, Retail and Cafeteria channels.
In a dynamic and highly fragmented sector with a plurality of small operators, VIVALDI GROUP has the size and scope to best meet the needs of Italian bakery and pastry shops.
VIVALDI GROUP is composed of 4 geographically complementary family-owned SMEs:
- CPC Food, led by Luciano Volpi, covers Emilia-Romagna and in particular Bologna, Ferrara, Ravenna and Forlì-Cesena
- Eurodolce, led by the Raris and Forte families, covers Veneto and part of Friuli Venezia Giulia and in particular Treviso, Belluno, Venice and Pordenone
- Marper, led by Matteo Marastoni and Eliano Peretti, covers Veneto and Lombardy, in particular Verona and Brescia
- Nuova-Neue Serpan, led by the Brentari, Endrizzi & Albasini families, covers Trentino-Alto-Adige and in particular Trento and Bolzano
Together, VIVALDI GROUP employs 83 people including a sales team of 39 professionals across 12 provinces. It benefits from a major logistical network comprising a fleet of 41 vehicles and numerous storage facilities with over 7 000m² available including 3 000m² of refrigerated pallet space.
The entrepreneurs of all 4 companies have significantly reinvested in this project and will managerially support the growth and development of VIVALDI GROUP, which boasts aggregated sales of over 40 million euros.
VIVALDI GROUP benefits from the financial and strategic support of Unigrains Italia, the Milan-based subsidiary of Europe’s leading agri-food investor, Unigrains. Unigrains Italia is a responsible, long-term sector-specialized investor in the capital of mid-sized Italian agri-food companies. It’s ambition over 5 years is to invest €M 80 to €M 100, directly and via equity capital in a dozen companies all across the agri-food value chain in order to support their development projects through organic/external growth, internationalization or shareholder transitions, always in close proximity alongside management teams.
illimity Bank S.p.A. intervened in this transaction as sole lender via its Growth Credit division, dedicated to corporate clients.
Luciano Volpi, Board Member of VIVALDI GROUP and Managing Director of CPC Food, said: "This transaction represents an important milestone both for CPC Food and for the growth of the entire sector. I am confident that this new Group will be able to support greater investments, attract external resources, ensure and guarantee greater quality."
Armando Raris, Board Member of VIVALDI GROUP and Managing Director of Eurodolce, said: "This transaction will allow our company to start a new phase of growth through geographical expansion, product innovation and an adapted and flexible offer to best meet the needs of our customers."
Matteo Marastoni, Board Member of VIVALDI GROUP and Managing Director of Marper, said: "Today is a historic moment for us, this path that we have undertaken together leads us to become one of the leading operators in our sector and strengthens our growth plans, proximity to customers and suppliers."
Silvano Brentari, Board Member of VIVALDI GROUP and Managing Director of Nuova-Neue Serpan, said: "Today we are taking an ambitious step with the help of a financial partner specialized in the agri-food sector that will support us in our growth path both internally and externally".
Francesco Orazi, General Manager of Unigrains Italia, said: "We have long observed the distribution sector of products for the professional catering sector, detecting a strong potential for consolidation and benefiting customers and suppliers alike. The creation of VIVALDI GROUP represents a unique opportunity to invest and support four successful SMEs with complementary markets, geographies, product ranges and positioning, and to help them develop commercial, distribution and supply synergies. It is a perfect example of Unigrains Italia’s philosophy, and we are delighted that it is the first investment of our new investment vehicle.”
Actors involved in the transaction
Investor Unigrains Italia (Francesco Orazi, Alfredo Cicognani, Julien Becquet)
Investor advisors
Legal Gitti & Partners (Vincenzo Giannantonio, Domenico Patruno, Giulia Fossati Zunino)
M&A Marco Polo Advisor (Filippo Maria Rozzanigo, Giovanni Maldarizzi)
Financial Grant Thornton Financial Advisory Services (Stefano Marchetti, Pierpasquale Perito, Edoardo Brambilla, Lorenzo Bonciani, Andrea Celentano)
Fiscal Bernoni & Partners (Gianni Bitetti, Sara Flisi, Paola Venturi)
Entrepreneurs Volpi & Biagetti families (CPC Food), Raris & Forte families (Eurodolce), Marastoni & Peretti (Marper), Brentari, Endrizzi & Albasini families (Nuova-Neue Serpan)
Entrepreneurs' advisors
Legal Cartwright Fisherman (Giacomo Pescatore, Beatrice Cremonese, Monica Righini)
M&A Marco Polo Advisor (Filippo Maria Rozzanigo, Giovanni Maldarizzi)
Financial & Tax Aicardi & Partners (Paolo Azzolini, Vittoria Andreoli)
Bank Financing illimity Bank (Leopoldo Avesani, Giuseppe Occhigrossi, Annachiara Giannetta, Valerio Neri)
illimity Bank Advisors
Legal Pedersoli Law Firm (Maura Magioncalda, Giuseppe Smerlo)
More information in attach pdf