The CVC fund conquers La Piadineria | EUROtoday

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CVC Capital Partners acquires 100% of La Piadineria, the biggest Italian quick informal meals chain, from Permira funds, a personal fairness agency energetic globally. The worth of the transaction, in response to rumors, can be lower than 600 million euros.

La Piadineria is a market chief in quick informal meals, a quickly rising sector in Italy, with over 400 eating places distributed throughout cities, buying centres, retailers and retail parks. The method proposed within the La Piadineria model shops relies on the supply of over 30 sorts of piadina, ready with a dough completely produced within the Montirone (BS) manufacturing unit.

The numbers

Piadineria, since its basis, has grown at a fast tempo which has allowed it to turn out to be the second restaurant chain in Italy. Today, La Piadineria can rely on a staff of over 2,500 collaborators who serve roughly 70,000 prospects daily.

The Permira funds acquired La Piadineria firstly of 2018 and supported the corporate’s development and transformation path, tripling each turnover and Ebitda within the final 6 years; to this point the Group has over 400 instantly managed gross sales factors and a staff of round 2,500 collaborators, up from 160 and 1,000 respectively firstly of 2018.

«We are thrilled to assist a strong firm like La Piadineria – explains Alessandro Baccarin, Director of CVC – which has positioned product high quality and buyer satisfaction on the middle of its supply to the buyer, turning into a frontrunner within the sector due to operational excellence and a novel and distinctive format. CVC is able to assist the corporate on its subsequent development path, by means of additional enterprise growth in Italy, diversification into different quick informal codecs, and internationalization. We stay up for working with Andrea Valota and the administration staff to steer the subsequent profitable chapter of La Piadineria.”