FoodNess: Riello Investimenti SGR Initiates Exit Process
Deal News | Apr 01, 2025 | Finance Community IT - 3 Private Equity
Riello Investimenti SGR, in conjunction with advisor Case Cassiopea, is assessing options for exiting its investment in FoodNess. FoodNess specializes in the production and sale of coffee alternative and free-from products, and has been 73% owned by the Italian Strategy Private Equity III fund since 2019. The divestment process, part of Riello Investimenti’s strategy for 2025, will retain the current management led by CEO Riccardo Giuliani to ensure operational continuity. Nicola Riello, President of Riello Investimenti SGR, is pictured amidst the strategic move.
Sectors
- Private Equity
- Food and Beverage
Geography
- Italy – Riello Investimenti SGR and the target company, FoodNess, are based in Italy. The strategic exit process is being conducted in the Italian market.
Industry
- Private Equity – The article discusses the exit strategy of Riello Investimenti SGR, a private equity firm, from its investment in FoodNess.
- Food and Beverage – FoodNess operates in the food and beverage sector, producing coffee alternative and free-from products.
Financials
- 73% – The percentage stake owned by the Italian Strategy Private Equity III fund in FoodNess since 2019.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Riello Investimenti SGR | Selling Company | Company | A private equity firm planning an exit from its investment in FoodNess. |
| FoodNess | Target Company | Company | A company that specializes in coffee alternative and free-from products, majority-owned by Riello Investimenti SGR. |
| Italian Strategy Private Equity III | Investor | Fund | The fund that owns a 73% stake in FoodNess. |
| Case Cassiopea | Advisor | Company | An advisor assisting Riello Investimenti SGR in the evaluation of exit options for FoodNess. |
| Riccardo Giuliani | Management | Person | CEO of FoodNess, continuing with the company to ensure a smooth exit process. |
| Nicola Riello | President | Person | President of Riello Investimenti SGR, involved in the exit strategy from FoodNess. |