Natfood Majority Acquired by Gruppo Gimoka
Deal News | Dec 11, 2024 | Finance Community IT - 1 Corporate M&A
Gruppo Gimoka, a leading Italian coffee roasting company with a presence in over 50 countries, has acquired a majority stake in Natfood—a company active in the Italian hot and cold beverage sector. This acquisition marks the culmination of a strategic growth path initiated in 2021 with Gimoka's initial stake in Natfood. Deloitte Financial Advisory and ADR Legal Advisors facilitated the transaction for Gimoka. The acquisition is seen as a testament to Natfood's positive growth trajectory and shared values between the companies. Despite the ownership change, Natfood's managerial and organizational structure remains unchanged, with GF Holding and the Lochis family retaining minority stakes. This move is expected to enhance Natfood's research and development capabilities, particularly in beverage dispensing technologies, allowing for innovative market offerings. Natfood aims to achieve an annual turnover of €40 million in 2024 under the leadership of Luciano Lochis, its CEO.
Sectors
- Food and Beverage
- Financial Advisory
- Legal Services
Geography
- Italy – Natfood operates in Italy and Gruppo Gimoka is an Italian coffee roasting company.
Industry
- Food and Beverage – Natfood operates in the hot and cold beverage sector, and Gruppo Gimoka is a leading coffee roasting company.
- Financial Advisory – Deloitte Financial Advisory was involved in providing financial advisory services for the acquisition.
- Legal Services – Legal advisers such as ADR, Baldi&Partners, GS Lex, and PPZ & Partners were involved in the transaction.
Financials
- 40 million euros – The estimated annual turnover for Natfood in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Natfood | Target company | Company | An Italian company active in the hot and cold beverage sector. |
| Gruppo Gimoka | Bidding Company/Buyer | Company | A leading coffee roasting company in Italy with a global presence. |
| Deloitte Financial Advisory | Financial Advisor | Company | Provided financial advisory services to Gruppo Gimoka in the transaction. |
| ADR Legal Advisors | Legal Advisor | Company | Provided legal advisory services to Gruppo Gimoka in the transaction. |
| GF Holding | Minority Shareholder | Company | Retaining minority shares in Natfood post-acquisition. |
| Luciano Lochis | CEO | Person | CEO of Natfood; continues to lead the company post-acquisition. |