Lagfin Acquires Minority Stake in Bluegem Capital Partners
Deal News | Jun 19, 2025 | Finance Community IT - 3 Private Equity
Lagfin, the controlling shareholder of the Campari Group, has acquired a significant minority stake, around 20%, in the private equity firm Bluegem Capital Partners. Bluegem specializes in the non-discretionary consumer goods segment, focusing on B2B and B2B2C markets. This investment not only highlights Lagfin's recognition of Bluegem's differentiated investment strategy but also supports a leadership transition within Bluegem as Emilio Di Spiezio Sardo takes over as CEO. In parallel, founder Marco Capello will step back from future investments, though still remain in charge of managing the existing portfolio. Additionally, Lagfin is negotiating to become a key investor in Bluegem's upcoming fund. Notably, the minority investment from Lagfin will not alter Bluegem's daily operations or its decision-making processes, ensuring continuity in its strategic vision. Legal advisory for this deal was provided by Latham & Watkins and Chiomenti for Bluegem, and PedersoliGattai for Lagfin.
Sectors
- Private Equity
- Consumer Goods
Geography
- Italy – Lagfin, which is the controlling shareholder of the Italian Campari Group, is involved in the investment.
- Pan-European – Bluegem Capital Partners operates as a pan-European firm, indicating its regional focus in the investment strategy.
Industry
- Private Equity – The article discusses an investment into a private equity firm, highlighting its strategic implications and transition plans.
- Consumer Goods – Bluegem Capital Partners specializes in the consumer goods sector, focusing on non-discretionary B2B and B2B2C markets.
Financials
- 20% – Stake acquired by Lagfin in Bluegem Capital Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lagfin | Investor | Company | The controlling shareholder of Campari Group, investing in Bluegem Capital Partners. |
| Bluegem Capital Partners | Target Company | Company | A private equity firm focusing on non-discretionary consumer goods markets in B2B and B2B2C verticals. |
| Campari Group | Related Company | Company | Lagfin is the controlling shareholder of this company. |
| Latham & Watkins | Legal Advisor | Company | Provided legal advisory services to Bluegem. |
| Chiomenti | Tax Advisor | Company | Assisted Bluegem with tax-related aspects of the deal. |
| PedersoliGattai | Legal Advisor | Company | Provided legal advisory services to Lagfin. |
| Emilio Di Spiezio Sardo | Incoming CEO | Person | Set to assume the role of CEO at Bluegem Capital Partners. |
| Marco Capello | Founder/Outgoing Executive | Person | Founder of Bluegem, stepping back from new investments but managing the existing portfolio. |