IDeA Taste of Italy Sells 35% Stake in Wisecap Group
Deal News | Nov 12, 2024 | DeA Capital Alternative Funds SGR
IDeA Taste of Italy, a private equity fund managed by DeA Capital Alternative Funds SGR, has completed the sale of its 35% stake in Wisecap Group to a European investment office. Wisecap, a major producer of beverage sector caps and closures, has expanded significantly under IDeA's guidance. Since 2017, Wisecap's sales surged from €40 million to over €100 million, attributable to strategic moves including M&A activities, launch of new product lines, and significant contract wins. The Delfanti family, which retains a 65% share, continues to lead the company unchanged. This strategic exit accompanies Wisecap’s readiness for further growth and acquisition opportunities, backed by Tyche Finance, Gianni & Origoni, KPMG, goetzpartners, and Marsh in the transaction. The Delfanti family received assistance from PedersoliGattai law firm.
Sectors
- Private Equity
- Manufacturing
- Beverage
Geography
- Italy – Wisecap Group is headquartered in Italy, and the transaction has significant implications for the Italian corporate landscape.
- Europe – The acquirer is a European investment office, and Wisecap's operation spans multiple European countries including Spain, Poland, and the Czech Republic.
Industry
- Private Equity – The article discusses the sale of a stake by a private equity fund, highlighting the role of private equity in managing and growing portfolio companies.
- Manufacturing – Wisecap is involved in the manufacturing industry, specifically in producing caps and closures for the beverage sector.
- Beverage – Wisecap's products target the beverage industry, supplying major water and soft drink bottlers.
Financials
- 35% – The percentage of Wisecap's share capital sold by IDeA Taste of Italy.
- €40 million to over €100 million – Wisecap's sales growth between March 2017 and the present.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IDeA Taste of Italy | Selling Company | Company | A private equity fund managed by DeA Capital Alternative Funds SGR involved in selling its stake in Wisecap. |
| Wisecap Group | Target Company | Company | One of the largest producers of caps and closures for the beverage sector in Europe. |
| DeA Capital Alternative Funds SGR | Fund Manager | Company | Manager of the private equity fund IDeA Taste of Italy. |
| European Investment Office | Bidding Company | Company | The unnamed entity acquiring the 35% stake in Wisecap. |
| The Delfanti Family | Current Majority Shareholder | People | Controlling shareholder of Wisecap, maintaining a 65% stake. |
| Tyche Finance | Financial Advisor | Company | Provided financial advisory services for the transaction. |
| Gianni & Origoni | Legal Advisor | Company | Provided legal advisory services for the transaction. |
| KPMG | Accounting and Tax Advisor | Company | Provided accounting and tax advice for the transaction. |
| goetzpartners | Business Advisor | Company | Provided business advisory services for the transaction. |
| Marsh | Insurance Advisor | Company | Provided insurance advisory services for the transaction. |
| PedersoliGattai | Legal Advisor to Delfanti Family | Company | Provided legal support to the Delfanti family in the transaction. |