Orienta Partners, together with a group of Italian entrepreneurs and investors, the French private equity fund Indigo Capital and Fondo Agroalimentare Italiano I (FAI I), acquired as a club deal, through a vehicle constituted by Antico Forno della Romagna S.r.l., Glaxi Pane S.r.l., an Italian company operating in the production of deep-frozen bakery products, bread and pastry. Through this acquisition, Antico Forno della Romagna strengthens its position in the industry, becoming a leading player in Italy.
Grant Thornton Financial Advisory Services S.r.l., with a team made up by Stefano Marchetti, Martina Cellana, Mattia Tencalla, Edoardo Dell’Acqua and Luca Biancardino, collaborated in the operation as financial advisor of the buyer, while the seller was assisted by PKF Corporate Finance, with a team made up by Nicola Munerati and Michela Landini.
The acquisition of Glaxi Pane was completed with a concurring investiment in Romagnapan S.p.A., holding of the group headed by Orienta Partners, by Fondo Agroalimentare Italiano I (FAI I).