Cherry Bay Sells AWP, Reinvests in Regardia
Deal News | Jul 02, 2025 | Finance Community IT - 3 Private Equity
Cherry Bay Capital Group has completed the sale of its stake in AWP (Animal Wellness Products) to Dalma Mangimi (Regardia), which is controlled by Nextalia Private Equity. Regardia is an Italian company focused on sustainable ingredients and supplements for animal nutrition. The transaction also includes Cherry Bay Capital's reinvestment in Regardia to further a strategic path started with AWP. Cherry Bay Capital, alongside a team including Vito Pesare, Tommaso Profazio, and Lorenzo Acerboni, acted as advisors for the Cherry Bay Capital Investment Club. DWF Italy provided legal advice to Cherry Bay Capital Investment Club. Regardia was assisted by Corporate Finance Advisors, BonelliErede, Latham & Watkins, Chiomenti, Essentia, OC&C Strategy Consultants, Deloitte, and Ramboll. AWP, with CEO Paolo Cristofori, demonstrated strong financial growth, evidenced by a revenue of over €7 million and EBITDA margin growth from 30% (2022) to over 40% (2024). The deal accentuates Cherry Bay's strategic model, aiming at significant development projects in collaboration with entrepreneurial families. Mattia Rossi of Cherry Bay and Paolo Cristofori of AWP provided strategic insights highlighting the investment's potential benefits and growth synergies.
Sectors
- Private Equity
- Animal Nutrition
- Sustainable Agriculture
Geography
- Italy – Both AWP and Regardia are Italian companies, and the advisory role by Italian-based firms highlights this geography.
Industry
- Private Equity – Relevant as the article discusses the activities of Cherry Bay Capital Group, a private equity firm.
- Animal Nutrition – AWP operates in the formulation and production of animal supplements, making this industry pertinent.
- Sustainable Agriculture – Regardia focuses on sustainable ingredients for zootechnics, situating itself in this industry.
Financials
- Over €7 million – AWP's reported revenue for the year.
- 30% to over 40% – EBITDA margin growth projected from 2022 to 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cherry Bay Capital Group | Vendor, Reinvestor | Company | A private capital and wealth advisory operator focused on UHNWI and family offices. |
| AWP (Animal Wellness Products) | Target Company | Company | Italian firm specializing in animal nutrition supplements. |
| Dalma Mangimi (Regardia) | Buyer | Company | Italian company specializing in sustainable animal nutrition, controlled by Nextalia Private Equity. |
| Nextalia Private Equity | Controlling Entity | Company | Private equity fund controlling Regardia. |
| DWF Italy | Legal Advisor | Company | Provided legal advice to Cherry Bay Capital Investment Club. |
| Corporate Finance Advisors | Financial Advisor | Company | Offered financial advisory services to Regardia. |
| Vitale | Financial Advisor | Company | Assisted Regardia with financial advisory services. |