Gruppo Gesa and MIR Capital to acquire a majority stake in Fra Diavolo.

Gruppo Gesa, an owner of restaurant chains, and MIR Capital, a private equity fund, agreed to acquire a majority stake in Fra Diavolo, a chain of pizzerias. Financial terms were not disclosed. “We took an extraordinary opportunity. We believe that Fra Diavolo for product quality, management skills and process engineering is among the best projects on the market in the pizza segment. Gesa and Mir will provide structure and financial resources but the operational management of the subsidiary will remain in the hands of the two founders who up to now have done an excellent job," Giovanni Ferrieri, Gesa President.