FVS S.G.R. S.p.A. has acquired a 49% stake in La Gastronomica, a Padova-based company specializing in fresh ready meals, aiming to enhance production efficiency and leverage growth opportunities in the expanding Italian food market.
Target Information
FVS S.G.R. S.p.A., on behalf of the "Fondo Sviluppo PMI" (FVS), has acquired a 49% stake in the Padova-based company La Gastronomica S.r.l. La Gastronomica specializes in the production of fresh ready meals primarily targeted at large-scale distribution (GDO) and employs approximately 35 staff. Over the past five years, the company has demonstrated a continuous increase in its revenue, surpassing 12.5 million euros in 2018, along with improved profit margins.
Founded in 1967, La Gastronomica has long been associated with the Zanin family. The investment from FVS signifies the completion of a generational transition that has been in progress for several years, entrusting operational management to 40-year-old Massimo Zanin. Having held various roles, including Sales Director, General Manager, and CEO, Massimo Zanin now assumes the role of President and principal industrial shareholder. His commitment to the project is further underscored by additional investments from several company managers and himself, demonstrating a strong alignment on future growth strategies.
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Industry Overview in Italy
The Italian food industry is renowned worldwide for its rich culinary heritage and increasing demand for quality convenience options. With a growing segment dedicated to ready meals, especially in
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FVS S.G.R. S.p.A.
invested in
La Gastronomica S.r.l.
in 2023
in a Growth Equity & Expansion Capital deal
Disclosed details
Revenue: $13M