OpCapita's Sebeto sells Ham Holy Burger

The chain was acquired by Rossopomodoro's founders and minority shareholders, Franco Manna and Giuseppe Montella.

OpCapita bought Sebeto from UK-based private equity firm Change Capital Partners in March 2018. The GP acquired a 95% stake in the business, in a deal that valued the company at around €80m, equal to more than 12x its EBITDA at the time.

OpCapita operating partner Stephen Alexander and managing director Joshua Spoerri joined the company's board to support the new CEO, Roberto Colombo. Co-founders Manna and Montella stayed on with the company as chair and manager, respectively, and retained a minority stake.

The GP invested in the business from its €350m Consumer Opportunities Fund II. OpCapita is a turnaround specialist that targets underperforming businesses in the retail, consumer and leisure sectors across Europe to deliver profit improvement and investment returns.

With the divestment of Ham Holy Burger, Sebeto intends to focus on its core pizza and pasta business. The group controls pizza specialist Rossopomodoro and restaurant chains Anema e Cozze and Rossosapore, with a total of more than 140 restaurants globally.

Company
Established in 2011 and based in Milan, Ham Holy Burger is a burger restaurant chain that operates 11 restaurants across Italy (Milan, Rome, Genoa, Padua, Serravalle Scrivia and Castel Romano) and one in the UK.

People
Sebeto – Roberto Colombo (CEO).

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• Topics
• Exits
• Southern Europe
• Consumer
• OpCapita
• Italy
• Partial sale