Quadrivio Group buys restaurant operator Nabucco

Unquote understands that the GP bought a 60% stake in the business, while the company's founder, Marcello Forti, retained the remaining 40%. 

This is the first investment made by Quadrivio via its Industry 4.0 fund, which held a first close on €100m in October 2018 and has raised €150m so far, Unquote understands. The vehicle expects to hit its €300m target by next year. The fund is working on a second deal, which will be inked in July in the manufacturing sector.

In addition to the equity from the fund, Banco BPM provided a debt package to support the acquisition.

Quadrivio intends to boost Nabucco's growth both organically and through new acquisitions, primarily outside Italy. In addition, the firm will support the company's digitalisation and advancement with the development of new technologies to improve the services provided.

To support Nabucco in this new phase of expansion, Quadrivio has appointed a new CEO, Roberto Imperatrice, the former head of the Rosso Pomodoro restaurant chain.

Company
Based in Milan, Nabucco manages restaurants and bars located inside four- and five-star hotels and theatres. The company generated EBITDA of around €7m from revenues of €70m in 2018.

Advisers
Equity – Pedersoli Studio Legale (legal); PwC (financial due diligence).
Company – LCF (corporate finance); Dentons (legal).

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