Finance For Food Acquires Majority Stake in D&P
Deal News | Nov 05, 2024 | Finance Community IT - 1 Corporate M&A
Finance For Food, a strategic and industrial consulting company specializing in the agro-food sector and related industries listed on Euronext Growth Milan, has entered into a preliminary contract with Aldebaran Investments to acquire a 51% majority stake in D&P for 500,000 euros. This acquisition aligns with Finance For Food’s strategy to grow through external avenues while enhancing their capacity in renewable energies and the green transition sectors. D&P specializes in strategic, financial, and industrial consulting for investment and business development, focusing on the energy and green transition sectors, and boasts an experienced management team, including CEO Gianluca Postiglione. The deal also includes options for purchasing the remaining shares, potentially allowing Finance For Food to acquire complete ownership of D&P in the future.
Sectors
- Agro-Food Industry
- Renewable Energy
- Financial Services
Geography
- Italy – Both Finance For Food and D&P are involved in a transaction within Italy, and Finance For Food is listed on Euronext Growth Milan.
Industry
- Agro-Food Industry – Finance For Food operates within the agro-food industry, focusing on strategic and industrial consultations along the entire agro-food pipeline.
- Renewable Energy – D&P's expertise in strategic consulting for the renewable energy sector makes this industry relevant, as Finance For Food aims to enhance its presence in the green transition area.
- Financial Services – The transaction involves strategic and financial consulting, with D&P providing insights into finance and business development.
Financials
- 500,000 euros – Purchase amount for 51% stake in D&P by Finance For Food.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Finance For Food | Bidding Company | Company | A strategic and industrial consulting firm specializing in the agro-food sector and listed on Euronext Growth Milan. |
| Aldebaran Investments | Selling Company | Company | Investors selling their majority stake in D&P to Finance For Food. |
| D&P | Target Company | Company | A company focusing on strategic, financial, and industrial consulting specialized in energy and green transition sectors. |
| Studio Fiorini | Financial Advisor | Company | Conducted financial due diligence and provided a fairness opinion for the transaction. |
| EnVent | Euronext Growth Advisor | Company | Acted as Euronext Growth Advisor in the transaction. |
| Francesco Berti | CEO | Person | CEO of Finance For Food. |
| Gianluca Postiglione | CEO | Person | CEO of D&P. |
| Pierpaolo Festino | Management | Person | Member of D&P management. |
| Maurizio Paolini | Management | Person | Member of D&P management. |