Charterhouse's Optima bolts on Giuso Guido

Rimini-based Optima specialises in manufacturing ingredients for ice-cream via its brand Mec3. In 2017, after closing its first bolt-on with the acquisition of patisserie decoration specialist Modecor, the company generated revenues in excess of €110m. Following Giuso Guido's acquisition, Optima expects to reach a turnover of €190m in 2018.

Optima was acquired by Charterhouse from the Riverside Company and other minority shareholders in 2017. The GP deployed capital from its Fund X, a €2.3bn vehicle that held a final close in November 2016. The deal valued the company at around €350-400m.

Riverside, alongside Lexington Partners and Parkwood, acquired an 80% stake in Optima in February 2014 from its founder, Giordano Emendatori, who retained a 20% stake.

Company
Founded in 1919 and based in Bistagno, near Alessandria, Giuso Guido specialises in manufacturing ingredients for ice-cream and patisserie. The company has around 600 clients and operates in 35 countries worldwide.

People
Optima – Claudio Riva (CEO).

Advisers
Equity – Fineurop Soditic (M&A); New Deal Advisors (financial due diligence, tax); Gianni Origoni Grippo Cappelli & Partners (legal).
Company – FA Capital (corporate finance); Studio Gitti (legal, tax).

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