DeA Capital backs Ingino with €8.5m investment

The GP deployed capital from its fund Idea Agro, which targets Italian companies operating in the agricultural industry, with a special focus on environmental and sustainability issues. The fund typically provides equity tickets of €5-10m.

With this investment, Idea Agro intends to support the company – which is controlled by the founding Ingino family – in boosting its growth, pursuing an aggregation strategy and further expanding across Italy and internationally.

Company
Founded in 1950 and headquartered in Atripalda, near Avellino, Ingino specialises in producing frozen chestnut and fruit puree for ice cream and patisserie, sold to food manufacturers. 

The company generated revenues of €33.4m in 2019.

People
DeA Capital Alternative Funds – Pier Felice Murtas (managing director).
Ingino – Michele Ingino (CEO).

Advisers
Equity – Advisory Ettore Fieramosca (operational due diligence); Studio Legale Pavia e Ansaldo (legal); Grant Thornton (financial due diligence).
Company – Studio Meoli (legal); Colombo & Associati (financial due diligence).

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• Topics
• Expansion
• Southern Europe
• Consumer
• DeA Capital
• Italy
• Grant Thornton