Fondo Agroalimentare Italiano exits Sfoglia Torino

The GP acquired Sfoglia Torino in 2017, investing in the company alongside CEO Enzo Perrino and his family.

FAI held a €55m final close in December 2019 and has invested €33m across six companies so far.

Under FAI's ownership, Sfoglia Torino consolidated its market position in Italy, further expanded into new markets and bolstered its organic growth. In addition, the company acquired two complementary businesses (Righi and Idea Quick), enlarged its product offering and increased its revenues from €11m to €30m.

Company
Established in 1978, Sfoglia Torino is headquartered in Buttigliera d'Asti and produces frozen puff pastry for food retailers. The company employs 60 staff and generates revenues of €30m.

People
Fondo Agroalimentare Italiano – Francesco Orazi (director).
Sfoglia Torino – Enzo Perrino (CEO).

Advisers
Equity – Gitti & Partners (legal).
Company – Franco Baudino e Associati (legal).

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• Topics
• Exits
• Southern Europe
• Consumer
• Unigrains
• Italy