Alto Partners' Dolciaria Val d'Enza bolts on Artebianca

As part of the deal, Alessandro Rovai, Artebianca's CEO and founder, acquired a 10% stake in the business and will retain his role at the company.

Italian bank Banco Popolare provided a credit facility to support the transaction.

Previous funding
Alto Partners acquired a 42% stake in Dolciaria Val d'Enza via its Alto Capital III fund in January 2014, according to unquote" data.

Company
Established in 1984 and headquartered in Pietrasanta, Tuscany, Artebianca manufactures bakery products, including biscuits. The company generated a turnover of €10m in 2015.

People
Alto Partners – Mario Visioni (partner).
Artebianca Natura & Tradizione – Alessandro Rovai (founder, CEO).

Advisers
Equity – Biscozzi e Nobili (legal); Athena Audit (commercial due diligence, tax); Sopabroker (insurance due diligence); Abaco Team (environmental due diligence).
Vendor – Vitale & Co (corporate finance); Studio Margara Marchi Commercialisti Associati (commercial due diligence); Grande Stevens (legal).
Debt – Watson Farley & Williams (legal).

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• Topics
• Portfolio management
• Southern Europe
• Consumer
• Italy
• Alto Partners
• Build-up