Deutsche Invest Capital Solutions acquires a controlling interest in Pinsalab Srl
Oaklins Italy acted as exclusive financial adviser to the sellers
Milan, 30 September 2021 – Deutsche Invest Capital Solutions, a German private equity operator and member of the Deutsche Invest Capital Partners Group with €3bn in AUM, a specialist in leverage buyouts and growth investments in European family-run businesses, particularly in the DACH area, has acquired a controlling interest in Pinsalab Srl, a company based in Reggio Emilia and a leader in the production and marketing of pinsa in the retail & distribution and food service & hospitality industries.
Founded in 2017 in Reggio Emilia, Pinsalab is the market leader in marketing pinsa in the retail and distribution industry, with sales in chilled, frozen and room temperature formats, in the major Italian and European supermarket chains.
Pinsa is one of the pivotal products with the highest growth rates in the bakery industry because it is crisp, easy to digest and has a low gluten content due to the mix of flours used. The product is handcrafted, high quality and much appreciated by consumers looking for healthy products. The rapid shelf turnover in supermarkets is promoting the growth of a market that aims to become a major alternative to pizza.
In 2020, Pinsalab revenues were around €5 million, and the company hopes to reach €11 million in 2021 with a profit margin above the sector average.
The management team will reinvest with Deutsche Invest Capital Solutions to advance its growth, with the aim of transforming the company into a key player in the European market, also through the development of a new production plant and penetration of new geographic markets.
The financial terms of the transaction have not been made public.
Oaklins Italy, a subsidiary of Banca Akros, BancoBPM Group, acted as exclusive financial adviser to the sellers.
The transaction confirms Oaklins’ role as a key player in the mid-market segment for cross-border M&A transactions.
Curtis, Mallet-Prevost, Colt & Mosle LLP , Studio Sutich Barbieri Sutich and Studio Benassi acted as legal advisers to the sellers.
Deutsche Invest Capital Solutions were assisted by LMCR Avvocati as legal adviser, Hager Partners as financial adviser and Milbank LLP as tax consultant.
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