Fondo Italiano acquires 30% of Ligabue from Alcedo

As part of the deal, the Ligabue family raised its stake from 60% to 70%, unquote" understands. Inti Ligabue, third-generation heir of the family, will continue to lead the business as chair and CEO. Francesco Sogaro, senior partner at Fondo Italiano, will join the company's management board.

According to a statement, the fresh capital coming from Fondo Italiano's acquisition will bolster the company's penetration into its markets, particularly the most recently reached markets of Peru and Brasil.

Previous funding
Alcedo acquired a 40% stake in the business through its Alcedo II fund in April 2010.

Company
Founded in 1919, Ligabue provides catering services for cruise and cargo ships and ferries in Italy and internationally. The company is based in Venice with a presence in 14 countries and employs 6,000 people.

In 2015, the business generated €270m in revenue. According to the company's figures, 80% of its turnover is generated from business outside Italy.

People
Alcedo – Giovanni Gajo (co-founder, chair).
Fondo Italiano d'Investimento – Francesco Sogaro (senior partner).
Ligabue – Inti Ligabue (chiar, CEO); Giorgio Facchini (CFO).

Advisers
Equity – Studio Ponti (legal).
Company – Fineurop Soditic (corporate finance); Studio Nevoni (legal); Studio Bogoni (tax).

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• Topics
• Buyouts
• Exits
• Consumer
• Southern Europe
• Italy
• Alcedo SGR
• Fondo Italiano di Investimento