Gimoka Acquires Majority Stake in Natfood
Deal News | Dec 11, 2024 | Finance Community IT - 1 Corporate M&A
Gruppo Gimoka, a leading Italian coffee roasting company, has acquired a majority stake in Natfood, a prominent player in Italy's hot and cold beverage sector, as part of a strategic expansion plan initiated in 2021. Deloitte Financial Advisory provided financial advisory services for the acquisition, while ADR served as legal advisor. Seller-side advisory services were rendered by Baldi&Partners, GS Lex, and PPZ & Partners. The acquisition aims to integrate Gimoka’s and Natfood’s expertise, paving the way for innovative solutions in the horeca market both domestically and internationally, while maintaining Natfood's current management structure. Natfood is forecasted to reach an annual revenue of EUR 40 million in 2024, with opportunities arising from enhanced research and development capabilities and improved market responsiveness.
Sectors
- Beverage Industry
- Advisory Services
- Foodservice Industry
Geography
- Italy – Both Gruppo Gimoka and Natfood are Italian companies, with the latter being a major player in the domestic horeca beverage market.
Industry
- Beverage Industry – The acquisition involves companies in the hot and cold beverage sector, reflecting ongoing strategic consolidation.
- Advisory Services – Deloitte Financial Advisory, ADR, and other advisors played crucial roles in facilitating the acquisition transaction.
- Foodservice Industry – The acquired company, Natfood, operates significantly within the horeca (hotel/restaurant/café) channels.
Financials
- EUR 40 million – Predicted annual revenue of Natfood in 2024 post-acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gruppo Gimoka | Acquirer | Company | A leading coffee roasting company in Italy that operates globally. |
| Natfood | Target | Company | An Italian company active in the hot and cold beverage industry serving the horeca sector. |
| Deloitte Financial Advisory | Financial Advisor | Company | Provided financial advisory services to Gruppo Gimoka for the acquisition. |
| ADR | Legal Advisor | Company | Served as legal advisor to Gruppo Gimoka in the acquisition. |
| GF Holding | Minority Shareholder | Company | Retains minority shares in Natfood post-acquisition. |
| Baldi&Partners | Legal and Financial Advisor | Company | Provided legal and financial advisory services to the seller side. |
| GS Lex | Legal Advisor | Company | Provided legal advisory services to the seller side. |
| PPZ & Partners | Legal Advisor | Company | Provided legal advisory services to the seller side. |
| Luciano Lochis | CEO | Person | CEO of Natfood, continuing in leadership post-acquisition. |
| Giuseppe Lochis | Chairman | Person | Chairman of Natfood, continuing his role in the new board. |