- Client:B.F. S.p.A.
- Date:June 2020
Consumer and Retail
B.F. S.p.A. has signed an agreement to acquire a 35% stake in Master Investments S.r.l., a company active in the food supplements and plant-based drinks sector both through the Matt brand and as a contract manufacturer.
Master Investments S.r.l. operates through A&D S.p.A. – Gruppo Alimentare e Dietetico (with a 100% stake), Almas S.r.l. (with a 50% stake), Salix S.r.l. (with a 50% stake) and Mare s.r.l. (with a 50% stake). In 2019 the Group reached sales of ca. €55m.
B.F. S.p.A. is a company listed on the MTA of the Milan Stock Exchange. The Company controls Bonifiche Ferraresi, a company active in the cultivation and commercialisation of agricultural products, that owns approximately 6,500 hectares of land.
The Agreement foresees that the sellers will constitute a newco by contributing in kind a 65% stake in Master Investments S.r.l. and subsequently will transfer to B.F. S.p.A. the remaining 35% stake. Master Investments S.r.l. will subsequently be renamed Progetto Benessere Italia S.r.l.
Vitale acted as financial advisor to B.F. S.p.A., providing assistance in the economic and financial analyses of the transaction.
- Value of the transaction: