Proa Capital to acquire Pastas Gallo.

Proa Capital rose as a winner in the bid for Pastas Gallo, after beating Idilia Foods, Ventura and TowerBrook. The family owning Pastas Gallo will hold 15-30% stake in the company, and Proa Capital will acquire the rest. The transaction is valued at around €200m ($225m). The goal of Proa Capital is to help boost growth and internationalize the Catalan company, which closed 2018 with a turnover of more than €200m ($225m).