Credo acquires Villa Paradiso Group

Following the deal, the founders will retain a significant minority stake together with key employees.

The fresh capital is intended to accelerate the growth of the business, which comprises an Italian restaurant chain, a premium takeaway outlet and a food-and-wine importing business.

Financial details remain undisclosed, but Credo typically invests between NOK 20-150m in companies with an enterprise value between NOK 20-300m.

The GP acquired a 55% stake in Danish food manufacturer Geia Foods in October 2017. It has also previously invested in the food sector with the acquisition of Globus Wine in December 2016 and fishing company Optimar in November 2012.

Company
Oslo-based Villa Paradiso Group operates the restaurant chain Villa Paradiso, takeaway business Piccolo Paradiso, and food-and-wine importer Villa Import.

Additionally, it is developing a portfolio of Villa Paradiso-branded products and the wine brand Vino Paradiso. The business plans on opening its next restaurant at Majorstuen in Oslo in December 2017.

The company posted a revenue of NOK 150m in 2016.

People
Credo Partners – Gudmund Killi (managing partner).
Villa Paradiso Group – Jan Vardøen, Trond Haug (founders).

Advisers
Equity – Selmer (legal).
Company – Alpha Corporate Finance (corporate finance); Simonsen Vogt Wiig (legal).

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• Buyouts
• Nordics
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• Norway