Investindustrial one step away from buying Bindi | EUROtoday

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The sale of the FDA Group (Bindi-Forno d'Asolo) is reaching its remaining phases. Andrea Bonomi's Investindustrial group appears in pole place and will signal over the weekend.

There is a maxi-industrial venture on the desk within the confectionery-food sector, provided that Investindustrial may purpose to unite Bindi-Forno d'Asolo with Sammontana.

The conditional is a should however this may be, based on rumors, the plan of the group led and based by Andrea Bonomi. Bindi-Forno D'Asolo is among the primary operators at nationwide stage within the frozen bakery and pastry merchandise sector, managed by the worldwide personal fairness agency Bc Partners.

Last autumn, the latter began a course of to boost the worth of the subsidiary, managed by the advisors Rotschild and Latham & Watkins, which attracted the eye of quite a few personal fairness funds and meals multinationals. In the picture end in latest days, with binding presents, solely personal fairness Pai, the Belgian industrial group Vandemoortele and Investindustrial remained, which now appears one step away from an settlement. The potential valuation of the Bindi-Forno d'Asolo operation, based on some estimates circulated up to now, could be round one billion euros for a bunch, which has a turnover exceeding 500 million euros and has an working margin gross of roughly 80 million.

The Bindi group is a historic firm within the confectionery sector: it was based instantly after the conflict as a pastry store in Milan. It was based by the Tuscan restaurateur Attilio Bindi. Over the years, Bindi has grown within the manufacturing of frozen industrial pastries in Italy and overseas, with 25 thousand prospects served within the Ho.Re.Ca sector and roughly 40 overseas markets reached, which generate 40% of revenues.