DeA Capital and Cleon Capital completed the acquisition of a 51% stake in Gias from Tenuta family.

Private equity firms DeA Capital and Cleon Capital completed the acquisition of a 51% stake in Gias, frozen food producer, from Tenuta family. Financial terms were not disclosed. "We are proud to have contributed to the realization of the first significant private equity operation in Calabria and to be able to offer this growth opportunity to a solid and structured as GIAS. The skills and ability of Gloria Tenuta have led the company to hold a leadership position in the frozen ready meals market. We will put all our efforts at the service of the company to make this history of excellence grow even more," Pier Felice Murtas, DeA Capital Managing Director, and Lorenzo Zambon, Cleon Capital Managing Director.