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The transaction – carried out through a capital increase – supports Flo’s financial, operational, and competitive strengthening, focusing on efficiency, human capital development, and investments in production capacity to develop increasingly innovative and sustainable products.
Milan, 27th October 2025 – Nextalia SGR S.p.A. (“Nextalia” or the “Company”), on behalf of the Nextalia Capitale Rilancio Fund, announces the completion of the Fund’s second investment in Flo S.p.A. (“Flo” or the “Group”), a leading Italian group specialized in food packaging, with strong European market positioning in specific segments and access to innovative and sustainable technologies.
Flo is an international player in the production of food containers made of plastic, bioplastic, paper, and premium sustainable materials (including AlphaⓇ, the line made with paper and QwarzoⓇ). Founded in 1973 and led by the Simonazzi family, the Group has pursued a steady growth path that today enables it to serve over 2,600 customers, with approximately 680 employees and 5 production plants (3 in Italy, 1 in France, and 1 in the United Kingdom), reaching €180 million in revenues in 2024.
The transaction – carried out through a capital increase – supports Flo’s financial, operational, and competitive strengthening, focusing on efficiency, human capital development, and investments in production capacity to develop increasingly innovative and sustainable products.
Under the terms of the transaction, Nextalia will acquire a minority stake, while the Simonazzi family will retain majority ownership, reaffirming the long-standing partnership and supporting the Group’s continued consolidation and growth.
Francesco Canzonieri, CEO of Nextalia, commented: “The investment in Flo confirms the potential of Nextalia Capitale Rilancio strategy: partnering with outstanding Italian entrepreneurs and companies on a path of competitive strengthening, bringing both capital and operational expertise. We will support Flo in consolidating its leadership in a sector driven by structural trends such as sustainability and recyclability.”
Daniele Simonazzi, CEO of Flo, added: “Nextalia’s entry marks a key moment for our growth. We share a strategic vision in which innovation, sustainability, and circular economy are fundamental pillars. Together, we will accelerate the development of high value-added projects and strengthen our leadership in a constantly evolving sector.”
Nextalia was assisted by Alvarez & Marsal for financial due diligence, Bain & Company for business due diligence, STS Deloitte for tax due diligence, Alma LED for legal aspects, WST for IP matters, Ashurst as financing legal advisor supporting the lending institutions, Ethica Group as M&A and Debt advisor, Greenberg Traurig for Golden Power and Antitrust matters, Marsh for insurance aspects, and ERM for EHS / ESG matters.
Flo was assisted, as financial advisor, by Marco Polo Advisor, with partners Dr. F. Rozzanigo and Dr. C. Battistini, and Dr. E. Dobi and Dr. A. Zampella and by Banca Investis, with Dr. C. Basellini and Dr. D. Sala; for legal matters, by Studio Industria, with senior partner Avv. A. Tatafiore and lawyers E. Fanini and E. de Nardis, and by Studio Belli Bertora, with senior partner Avv. M. Belli; as tax advisor, by AGFM, with Dr. D. J. Ferrari.