Orienta buys Fratelli Bassini

Italy-based GP Orienta led the investor consortium, which included six other co-investors, while French firm Indigo Capital provided a mezzanine credit facility. The club of investors acquired the company via a newco called Romagnapan.

Following the deal, Orienta replaced the company's management team with a new group of managers to support the future expansion strategy of the business, and it will soon appoint a new CEO.

Orienta intends to strengthen the company's market position in Italy and abroad, and expand the business both organically and through new acquisitions. To support Bassini's growth and expansion with a future bolt-on, the GP is already looking for an Italian business operating in the same sector or in the distribution chain, Unquote understands.

Company
Founded in 1963 and based in Forlì, Fratelli Bassini specialises in producing pre-cooked and frozen oven-baked goods for large-scale retail. The company employs 50 people and in 2017 generated an EBITDA of €2m from revenues of €11m.

People
Orienta Partners – Augusto Balestra, Fabio Fabbri, Mario Gardini, Sergio Serra (partners).
Indigo Capital – Cyril de Galea (founder, managing partner).
Fratelli Bassini – Raffaele Bassini, Alessandro Bassini (co-founders).

Advisers
Equity – Deloitte (financial due diligence); Gitti and Partners (legal); Simmons & Simmons (legal); 
Company – Bruno Inzitari (legal).

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Italy
• Deloitte
• Indigo Capital