Italian Fine Food Invests in Bracca-Pineta
Deal News | Mar 12, 2025 | Legal Community Italy
AVM SGR, a fund management company of Italian Fine Food, has acquired a majority stake in Bracca-Pineta, a group active in the mineral and oligomineral water sector. The acquisition was backed by a consortium of private investors and financially supported by a group of banks, including Banco BPM, Intesa Sanpaolo, and others, with Chiomenti providing legal assistance. Private debt funds managed by Tenax Capital Limited and Finint Investment SGR subscribed to bonds for mezzanine financing, advised by Simmons & Simmons. The group acquired consists of Bracca Acque Minerali and Fonti Pineta. Co-investors include Alexa Invest, Gruppo Alfano Holding, Alberto Bombassei, and others. Legal support for AVM SGR was provided by PedersoliGattai and LCA Studio Legale. Financial advisors included Appeal Strategy & Finance and Hoshin Corporate Finance, with due diligence conducted by KPMG. The transaction completion involved RF Notai.
Sectors
- Mineral and Bottled Water Industry
- Private Equity and Venture Capital
- Legal Services
- Corporate Finance
Geography
- Italy – The transaction involves Italian companies and legal firms, with the target companies located in Val Brembana and Alta Val Seriana.
- Europe – The involvement of European financial institutions and investors suggests a broader geographic relevance.
Industry
- Mineral and Bottled Water Industry – The article focuses on the acquisition of companies within the mineral and bottled water sector.
- Private Equity and Venture Capital – The acquisition involves private equity investment, highlighting the role of AVM SGR's Italian Fine Food fund.
- Legal Services – Multiple law firms were involved in providing legal advice for the transaction, showcasing the legal services industry.
- Corporate Finance – The deal involved significant financial arrangements, including debt financing and due diligence.
Financials
- Not specified – The financial details of the acquisition, including the deal price or enterprise value, are not mentioned.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AVM SGR | Private Equity Investor | Company | Fund management company managing Italian Fine Food, involved in acquiring Bracca-Pineta. |
| Bracca-Pineta | Target Company | Company | A group active in the mineral and oligomineral water sector, including Bracca Acque Minerali and Fonti Pineta. |
| PedersoliGattai | Legal Advisor | Company | Legal firm assisting AVM SGR in the acquisition. |
| LCA Studio Legale | Legal Advisor | Company | Legal firm providing assistance to AVM SGR. |
| Chiomenti | Legal Advisor for Financier | Company | Provided legal assistance to the group of banks financing the transaction. |
| Tenax Capital Limited | Debt Provider | Company | Manager of private debt fund providing mezzanine financing for the acquisition. |
| Finint Investment SGR | Debt Provider | Company | Provided private debt financing through bonds for the acquisition. |
| Simmons & Simmons | Legal Advisor for Debt Providers | Company | Assisted debt providers in the mezzanine financing arrangement. |
| KPMG | Financial Advisor | Company | Conducted the financial and fiscal due diligence for the transaction. |