Vitale advised Polenghi Food S.p.A. (“Polenghi” or the “Group”), an international leader in the production of lemon and lime juice-based condiments, on the sale of a minority stake held by the private equity fund Progressio SGR to an investment vehicle controlled by entrepreneur Marco Polenghi. The transaction also involved Crédit Mutuel, through its private equity vehicle CIC Capital (Suisse), and IDIA Capital Investissement, a company controlled by Crédit Agricole.

As part of the transaction, the Group’s Chief Executive Officer, Filippo Scandellari, together with key members of the management team, reinvested in the company, reaffirming their strong commitment to Polenghi’s growth strategy.

Headquartered in Piacenza, Polenghi produces and markets a wide range of condiments, both under its own brands and on a private label basis, serving leading players in the Modern Trade and Ho.Re.Ca. channels. The Group is characterized by a strong international footprint, generating over 95% of its revenues abroad through five production facilities located in Italy, the Netherlands, Belgium and the United States.

The transaction enables Polenghi to strengthen its position in international markets and to continue the growth and development path undertaken in recent years. 

Vitale acted as financial advisor to Polenghi offering support in the structuring of the transaction, in the negotiation phases and in the coordination of due diligence activities.
 

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