Star Divests Brands to Casalasco in Strategic Move
Deal News | Feb 14, 2025 | Legal Community Italy
Star Stabilimento Alimentare, a company within the GBfoods group and owner of the iconic Star brand, has agreed to sell its business unit associated with the Pummarò, Polpabella, and Sugo Lampo brands to agricultural firm Casalasco. This transaction was facilitated with the legal help of Tonucci & Partners for Star and Gatti Pavesi Bianchi Ludovici for Casalasco. The team from Tonucci & Partners was led by equity partners Maria Gioffrè and Piergiorgio Sposato, with senior associate Luca Pietrantuono. The internal legal team at GBfoods was headed by legal director Europe, Patrick Aspero, alongside Vittorio Mussetto. Filippo Sola from Gatti Pavesi Bianchi Ludovici led the advisory team for Casalasco.
Sectors
- Food and Beverage
- Legal Services
Geography
- Italy – Both GBfoods (Star) and Casalasco are based in Italy, which is the primary location for this business transaction.
Industry
- Food and Beverage – The transaction involves well-known food brands, including Pummarò and Polpabella, indicating the food and beverage industry.
- Legal Services – Involvement of multiple legal firms advising on the deal highlights the legal services sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Star Stabilimento Alimentare | Target Company | Company | Part of the GBfoods group, known for iconic food brands. |
| Gbfoods | Selling Company | Company | The larger group owning Star; divesting certain brands in the transaction. |
| Casalasco | Bidding Company | Company | An agricultural firm acquiring the Pummarò, Polpabella, and Sugo Lampo brands. |
| Tonucci & Partners | Legal Advisor to Seller | Company | Provided legal advisory services to Star and GBfoods for the transaction. |
| Gatti Pavesi Bianchi Ludovici | Legal Advisor to Buyer | Company | Handled the legal advisory for Casalasco in the acquisition. |
| Maria Gioffrè | Lead Equity Partner | Person | Equity partner at Tonucci & Partners overseeing the sale process. |
| Piergiorgio Sposato | Lead Equity Partner | Person | Equity partner at Tonucci & Partners overseeing the sale process. |
| Luca Pietrantuono | Senior Associate | Person | Senior associate at Tonucci & Partners instrumental in the transaction. |
| Patrick Aspero | Legal Director Europe | Person | Head of GBfoods' internal legal team in Europe assisting the sale. |
| Vittorio Mussetto | Internal Legal Team | Person | Member of GBfoods' internal legal team involved in the sale. |
| Filippo Sola | Partner | Person | Partner at Gatti Pavesi Bianchi Ludovici leading the legal advisory for Casalasco. |