GFC SpA (Caffè Fantini) (Italy) - Dec 2007

unquote
01 December 2007

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In-Prendo has committed €1.5m for a 30% stake in GFC SpA, a holding group that owns coffee brand Fantini. This is the first round of financing by the investors and no other rounds are scheduled at this time. The deal took nine months to complete and was originated through direct contact between In-Prendo and the company’s founding owners. This is in-Prendo’s third investment.

Company

Rome-based Caffè Fantini was founded in the 1960s and specialises in the production and distribution of coffee blends to the hotel and restaurant sectors. The company owns two registered brands: Caffè Fantini and Roman roasting company Caffè Filippetti, acquired in the 1990s. In 2007 the company reported a €6.7m turnover and an EBITDA of €100,000. In 2008 sales are expected to increase to €8.9m while the EBITDA is projected at €500,000. The financial sponsors plan to increase the distribution of the brand through the expansion of the commercial network. The backers have also acquired a position on the board which will be held by Albo Francesconi. As an exit strategy, the investors foresee selling their stake either back to the Fantini family or to a secondary investor.

People

Albo Francesconi led the deal for In-Prendo.

Advisers

Equity - Studio Legale Paglietti, Giancarlo Paglietti (Legal)

Sourced from: Southern Europe unquote" 71 (Feb 2008)