Monviso Acquired by Argos Wityu from Cerea Partners and Capza
Deal News | Nov 28, 2024 | Finance Community IT - 3 Private Equity
Argos Wityu, an independent pan-European private equity group, has acquired Monviso from Cerea Partners and Capza. Monviso, an established company in the bakery sector active for over 90 years, will be supported to consolidate its market position in premium bakery products. The management team, led by CEO Manfredi Cusmano, will be joined by Francesco Pugliese, former CEO of Conad and General Manager of Barilla, as the new chairman. The financing of the operation was secured from Kartesia Management with Eurizon Capital Real Asset SGR, BNL, and Banca Sella providing the RCF financing. DC Advisory, with a team led by Director Marzia Cormun, advised Cerea Partners and Capza during the transaction. Argos Wityu was supported by Vitale & Co as M&A and debt advisors, Giovannelli e Associati for legal aspects, WST for tax due diligence, Boston Consulting Group for strategic due diligence, and KPMG for financial due diligence. Monviso, known for producing third-party and private label products, plans to generate approximately EUR 60 million in revenue by 2024. The acquisition aims at exploiting significant growth margins through ongoing innovation in a traditionally mature sector.
Sectors
- Private Equity
- Food and Beverage
- Manufacturing
Geography
- Italy – Monviso is headquartered and operates in Italy, particularly Northern Italy.
- Europe – Argos Wityu is a pan-European private equity group, indicating the broader geographical context of the transaction.
Industry
- Private Equity – The article discusses a private equity transaction involving Argos Wityu acquiring Monviso.
- Food and Beverage – Monviso operates in the bakery products sector, focusing on premium and health-focused offerings.
- Manufacturing – Monviso produces bakery goods and operates multiple production facilities in Northern Italy.
Financials
- EUR 60 million – Projected revenue for Monviso in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Monviso | Target Company | Company | An established company in the bakery sector with a focus on premium and health-conscious products. |
| Argos Wityu | Buyer | Company | A pan-European private equity firm acquiring Monviso to expand its portfolio in the food industry. |
| Cerea Partners | Vendor | Company | One of the private equity firms selling Monviso. |
| Capza | Vendor | Company | One of the private equity firms selling Monviso. |
| Kartesia Management | Financier | Company | Provided financing for the Argos Wityu acquisition of Monviso. |
| BNL | Financier | Company | Provided RCF financing for the acquisition. |
| Banca Sella | Financier | Company | Provided RCF financing for the acquisition. |
| DC Advisory | Advisor | Company | Advised Cerea Partners and Capza on the sale of Monviso. |
| Vitale & Co | Advisor | Company | Served as M&A and debt advisor for Argos Wityu. |
| Giovannelli e Associati | Advisor | Company | Handled legal aspects of the acquisition for Argos Wityu. |
| WST | Advisor | Company | Conducted tax due diligence for the acquisition. |
| Boston Consulting Group | Advisor | Company | Conducted strategic due diligence for the acquisition. |
| KPMG | Advisor | Company | Conducted financial due diligence for the acquisition. |