Davidson Kempner Capital Management and Afendis Capital Management completed the acquisition of Gelato d'Italia from Dea Capital.

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.