PE firm Chequers Capital acquires Gourmet Italian Food

Private-equity steadfast Chequers Capital has taken implicit Italy-based ready-meals shaper Gourmet Italian Food.

The fiscal presumption of the transaction were not disclosed.

Chequers Capital said it bought Gourmet Italian Food from investors the private-equity firms Alcedo, and FVS, arsenic good arsenic unnamed number shareholders.

The caller proprietor said it volition enactment Gourmet Italian Food “in continuing its maturation and strategical marketplace positioning, including done targeted acquisitions”.

Gourmet Italian Food was created arsenic a level to “aggregate starring companies” producing “high-quality” acceptable meals selling into retail and horeca clients.

All founding entrepreneurs of the companies wrong Gourmet Italian Food person “reinvested” successful the radical and the “top-tier” absorption squad – co-ordinating assorted concern units – has besides “co-invested” alongside Chequers Capital.

What Chequers Capital described arsenic the “GIF project” was launched successful 2019 with Alcedo acquiring a bulk involvement successful Eurochef Italia.

In 2021, Eurochef Italia merged with La Gastronomica nether the associated inaugural of Alcedo and FVS, forming the instauration for Gourmet Italian Food.

The radical past expanded done a bid of targeted acquisitions. These included the integration of Brescia-based Fabian, specialising successful savoury snacks and sandwiches and Maerne, Venice-based ultra-fresh gourmet products shaper Cucina Nostrana and its affiliate Deppieri, specialising successful sandwich bread.

In 2023, the institution acquired Firma Italia, a Muggiò-based institution which produced dehydrated acceptable meals “with a beardown export focus”.

Gourmet Italian Food added the marque 100grammi, specialising successful “healthy and balanced meals”, successful 2024.

Chequers Capital highlighted the interaction of these integrations, noting that “strong commercial, industrial, and selling synergies” person helped it summation a “leading” presumption successful the Italian acceptable meals segment.

“It has established itself arsenic a high-standing spouse for large supermarkets, offering a implicit portfolio of premium products,” the connection added.

In a LinkedIn post, Alcedo Sgr managing spouse Filippo Nalon said: “This (deal) marks the culmination of an unthinkable travel successful which, nether Alcedo’s guidance, we transformed a €17m ($18.6m) institution into a marketplace person with implicit €140m successful gross successful 2024”.

The group, which has six accumulation facilities and much than 450 employees “stands arsenic the undisputed marketplace person successful Italy’s ready-meals sector, leveraging an extended portfolio of premium-quality products and a state-of-the-art accumulation footprint,” Nalon added.