Binding offers for Sebeto, the holding company owner of well-known Italian restaurant chains Rossopomodoro, Anema&Cozze, Rossosapore and Ham Holy Burger are expected to be delivers in a few days to financial advisor Rothschild, Il Sole 24 Ore wrote.
Among bidders are said to be Op Capita, a London-based investor focused on the retail sector as it already owns some retail chains as La Sirena (fish) and Merkal Calzados (casualwear); Cigierre, the parent company of some other Italian well-known restaurants chain with Old Wild West among its brands, owned BC Partners; and Vam Investments. Auction has been open since last Autumn (see here a previous post by BeBeez).
Rossopomodoro is now owned by Change Capital (70%). The proivate equity firm bought its stake in the company in 2011, quando, through Venere Holding, from Quadrivio sgr, while Sebeto’s founders Roberto Imperatrice, Pippo Montella and Franco Manna reinvested for a 30% stake.
Founded 28 years ago in Naples, the group counts now 150 restaurants in italy and abroad party of its own property and party in franchising. The group reached 60 million euros in revenues in 2016, after having posted 47.7 millions revenues in 2015, 5 millions in ebitda and a 5.35 million euros in net lossess with a net financial debt of 21.7 millions (see here an analysis by Leanus, after free registration and login).
The previous years have been difficult for the company and Change Capital had to recapitalize the company more than once (see here a previous post by BeBeez).
