Alpha Private Equity is to start auction for selling Caffitaly, a Nespresso competitor having its own technology, Il Sole 24 Ore wrote, adding that the privat equity firm led by managing partner Edoardo Lanzavecchia has mandated Lazard as its advisor to manage the auction.
Alpha fund has been owning a 63% stake in Caffitaly since 2013, with the companyìs management owning the rest. Potential bidders are said to be both industrial strategic groups and international private equity funsa as the deal might be valued around 500 million euros.
Caffitaly, headquartered in Bologna, 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).
