Announced
Completed
Financials
Sources
Tags
food and beverage
ice cream
Friendly
Majority
Completed
Italy
Private
Single Bidder
Food Products
Private Equity
Acquisition
Cross Border
Synopsis
Davidson Kempner Capital Management, an investment company, and Afendis Capital Management, a private equity firm, completed the acquisition of Gelato d'Italia, an ice cream producer, from Dea Capital, a private equity firm. Financial terms were not disclosed. "This is an important step for Gelato d’Italia, at a time when our teams continue to work to achieve our project of becoming a world-class ice cream producer, driven by innovation. We are deeply grateful to the current shareholders for their constant support, their leadership and their guidance in recent years," Marco Pellegrino, Gelato d’Italia CEO.
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