FVS backs La Gastronomica

Following the deal, CEO Massimo Zanin retained a 34.6% stake in the business and the management held the remaning 16.4%.

The GP invested via Fondo Sviluppo PMI, a €50m vehicle closed in December 2015. The fund invests equity tickets between €3-7m in Italian SMEs based in the regions of Veneto and Friuli, with an annual turnover of €10-180m. Banca Popolare di Cividale, Solidarietá Veneto and Friulia Finanziara committed to the vehicle as cornerstone investors. Unquote understands that the fund has deployed €35m so far.

Following the deal, FVS investment manager Luca Briotto will join the company's board to support the management in its strategic plan aimed at reaching a turnover of €20m in the next five years.

Company
Established in 1967 and based in Padua, La Gastronomica provides traditional Italian dishes to supermarkets, bars, cafes, workplace canteens and cafeterias. The company employs a staff of 35 and generated EBITDA of €1.4m from revenues of around €12.5m in 2018.

People
Friulia Veneto Sviluppo – Fabrizio Spagna (president).
La Gastronomica – Mssimo Zanin (CEO, president).

Advisers
Equity – NCTM (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Southern Europe
• Consumer
• Italy
• Minority investing