Quadrivio scores 15x on Lo Scoiattolo exit

According to a source familiar with the situation, Quadrivio sold its stake in the business following previous terms and conditions agreed with the family owners. As part of the transaction, the owning family re-invested and fully acquired the business.

The deal marks the sixth exit for the Quadrivio Q2 fund, which subsequently reached a 0.94x DPI (distributed to paid in) multiple, the source said.

To date, the fund holds three companies in its portfolio: personal hygiene products producer Pantex, frozen bakery business Forno D'asolo and restaurant chain Sebeto.

Previous funding
Quadrivio acquired a 42% stake in the business through its Quadrivio Q2 fund in May 2012. During the holding period, the buyout firm claims to have supported the company's international expansion.

Company
Founded in 1983, Lo Scoiattolo produces filled and unfilled fresh pasta for the wholesale retail sector. The company is headquartered in Lonate Ceppino and posted a turnover of €30m with an 11% EBITDA margin in 2015.

According to press reports, the company is the third largest fresh pasta manufacturer in Italy and employs 100 people.

People
Quadrivio – Walater Ricciotti (CEO).
Lo Scoiattolo – Massimiliano Di Caro (marketing director).

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• Topics
• Exits
• Consumer
• Southern Europe
• Italy
• Quadrivio