Investindustrial, Advent, Partners Group and Capvest private equity firms are said to be interested in buying control of Caffitaly, a Nespresso competitor having its own technology, Il Sole 24 Ore wrote.
The deal has been in preparation since last March, when Alpha Private Equity, led by the managing partner Edoardo Lanzavecchia, mandated Lazard to start an auction sale for the company (see here a previous post by BeBeez). Caffitaly is said to be valued about 450 million euros.
Alpha fund has been owning a 63% stake in Caffitaly since 2013, with the companyìs management owning the rest. Headquartered in Bologna, the company reached about 140 million euros in revenues last year with 45 millions in ebitda. The company had reached 141.6 millions in revenues in 2015 (from 127.8 in 2014), with a 40.1 million euros ebitda (from 38.3 millions) and a 27.3 million euros net financial debt (from 44.8 millions) (see here an analysis by Leanus, after free registration and login).