No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
Home COUNTRY ITALY

Campari sells Sella & Mosca and Teruzzi & Puthod wineries to Terra Moretti (Bellavista)

BebeezbyBebeez
November 28, 2016
Reading Time: 3 mins read
in ITALY, PRIVATE EQUITY
Share on FacebookShare on Twitter

sella&moscaGruppo Campari annouced the signing of an agreement for the sale of 100% of the share capital of Azienda Vinicola Tenute Sella & Mosca spa and 100% of the share capital of Teruzzi & Puthod srl (download here the press release). Rumors about a sale have been on the market for more than one year (see here a previous post by BeBeez).

The acquiror is Terra Moretti Distribuzione srl, a company specialized in the distribution and sale of wines, controlled by Terra Moretti spa (in turn controlled by the Moretti family) and Simest spa. Terra Moretti Distribuzione srl will be participated also by N.U.O. Capital, an investment company recently promoted by the Cheng/PAO family from Hong Kong led by ceo Tommaso Paoli.

As for Terra Moretti spa, its is controlled by Holding Terra Moretti srl, as well as the Bellavista wineries in Franciacorta (Brescia) just in front of the hotel Relais&Chateaux L’Albereta, where chef Gualtiero Marchesi headquartered is flagship restaurant and Henri Chenot headquarted his Espace Vitalité.

Holding Terra Moretti also controls Moretti family’s real estate and construction activities (see here an analysis by Leanus son Terra Moretti consolidated financial statements, after free registration and login).

The business sold consists of the Sella & Mosca and Teruzzi & Puthod trademarks, as well as the vineyards, vinification and production plants, inventory and real estate assets.

The overall deal consideration is 62 million euros on a cash free/debt free basis. The structure of the deal foresees a cash payment of 57 millions to be transferred at the closing and the remaining amount to be corresponded with a deferred payment in 4 years time guaranteed by a pledge on Teruzzi & Puthod shares, with maturing interests.

In the fiscal year ended 31 December 2015, the two companies registered overall net sales of 21.4 million euros and overall ebitda pro-forma of approx. 3.2 millions. The overall deal consideration corresponds to an expected multiple of 13.9 times the overall pro-forma ebitda expected in 2016 (corresponding to approx. 4.4 millions).

The closing of the transaction is expected before the end of 2016. Mediobanca acted as financial advisors to Gruppo Campari on this transaction. Clifford Chance acted as legal advisors.

Based in Sardinia, Sella & Mosca is one of the most important wineries in Italy and one of the largest estates in Europe (with 550 hectares of vineyards). It is engaged in the vinification of still and sparkling wines, with an increasing presence in premium wines segment, including red wines such as Marchese di Villamarina, Tanca Farrà, Cannonau and Terre Rare; and white wines Monteoro, Vermentino di Gallura, Terre Bianche and Torbato.

Teruzzi & Puthod is the most important winery in the San Gimignano area (Tuscany), and is a prestigious brand for Vernaccia di San Gimignano. The product range comprises premium wines including Terre di Tufi, Arcidiavolo and Peperino.

After the disposal of Sella & Mosca and Teruzzi & Puthod, which entered into Gruppo Campari’s portfolio in 2002 and 2005 respectively, Gruppo Campari completed the exit from the Italian still wines business. This commitment started in 2015 with the disposal of the Italian winery Enrico Serafino srl.

 

 

Gateways to Italy

36Brains – Considering Cross-Border M&A? We stand as your partner for ESG, Reputational and Supply Chain Due Diligence

36Brains – Considering Cross-Border M&A? We stand as your partner for ESG, Reputational and Supply Chain Due Diligence

by Partner
November 9, 2023

La Scala Law Firm – Innovative Services for Banking, Finance and Corporates

La Scala Law Firm – Innovative Services for Banking, Finance and Corporates

by Partner
October 31, 2023

Di Luccia & Partners Executive Search – Senior Management for Private Capital Funds’ participated companies

Di Luccia & Partners Executive Search – Senior Management for Private Capital Funds’ participated companies

by Partner
September 1, 2023

Sign up to our newsletter

SIGN UP

Related Posts

FRANCE

Ember Completes Acquisition of H2O Innovation

December 8, 2023
PRIVATE EQUITY

OxFirst IP Valuation Supports $500+M Acquisition

December 8, 2023
IBERIA

Technosylva Appoints Michael McGuire as Chief Revenue Officer

December 8, 2023

ItaHub

Italy’s Supreme Court confirms: For the reimbursement of dividend tax paid by an Italian subsidiary to its UE-based parent no demonstration of actual payment is required

Italy’s Supreme Court confirms: For the reimbursement of dividend tax paid by an Italian subsidiary to its UE-based parent no demonstration of actual payment is required

October 31, 2023
Anti-money laundering, the system for reporting data and information on beneficial ownership in Italy is up and running

Anti-money laundering, the system for reporting data and information on beneficial ownership in Italy is up and running

October 27, 2023
Single Special Economic Zone, here are all details to catch new investment opportunities in Southern Italy

Single Special Economic Zone, here are all details to catch new investment opportunities in Southern Italy

October 9, 2023
Impaired loans, Valentini, Italy’s Deputy Minister of Enterprise and Made in Italy, at Banca Ifis event reassures: we have a market that works, we don’t want to upset it

Impaired loans, Valentini, Italy’s Deputy Minister of Enterprise and Made in Italy, at Banca Ifis event reassures: we have a market that works, we don’t want to upset it

September 25, 2023

Co-sponsor

Premium

Fintech, m&a on Italian-driven startups grows and platform brokerage increases. But venture capital raising is less than 200 mln euros in 32 rounds YTD. The Report of BeBeez

Fintech, m&a on Italian-driven startups grows and platform brokerage increases. But venture capital raising is less than 200 mln euros in 32 rounds YTD. The Report of BeBeez

November 29, 2023
Venture capital investments on Italian-driven startups and scaleups rise to just over 1 bn euros in 10 months. But this is still a long way from the over 2.5 bln figure in 2022

Venture capital investments on Italian-driven startups and scaleups rise to just over 1 bn euros in 10 months. But this is still a long way from the over 2.5 bln figure in 2022

November 13, 2023
Italy’s Supreme Court confirms: For the reimbursement of dividend tax paid by an Italian subsidiary to its UE-based parent no demonstration of actual payment is required

Italy’s Supreme Court confirms: For the reimbursement of dividend tax paid by an Italian subsidiary to its UE-based parent no demonstration of actual payment is required

October 31, 2023
Anti-money laundering, the system for reporting data and information on beneficial ownership in Italy is up and running

Anti-money laundering, the system for reporting data and information on beneficial ownership in Italy is up and running

October 27, 2023
Next Post

Lbo Index, euro leveraged loans yielded 4.47% on average last week

Francesco Trapani acquires a 9% stake in Tages Holding. A new private equity player might be on its way

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
Subscribe
  • Login
  • Cart

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In