Investindustiral, a European private equity firm, has made an investment in Eataly, an Italian retail and dining experience.
Eataly is focused on providing continuous support for local agri-food supply chains and the export of food products. The transaction consists of an investment of €200 million and a purchase by Investindustrial of part of the shares held by existing shareholders, making Investindustrial the majority shareholder. At closing, Investindustrial will hold 52% of the company.
“We are delighted to be able to support Eataly, an example of Italian excellence in the world, as a long-term partner,” comments Andrea Bonomi, chairman of Investindustrial’s advisory board. “Thanks to the vision and entrepreneurial ability of the Farinetti family, Eataly represents a unique and innovative player that has led the revolution of the concept of high-quality Italian food all over the world. We look forward to supporting Eataly by leveraging our deep experience in helping companies grow globally with the highest ESG and sustainability principles. The collaboration between Investindustrial, the Farinetti family, the Baffigo/Miroglio family and Clubitaly (TIP) is focused on supporting Eataly’s next stage of growth, preserving its unique DNA and maintaining its profile of sustainability, supply chain control and integrity.”
Advising Investindustrial were Studio Legale Chiomenti and Kirkland & Ellis as legal advisor, Deloitte as accounting and tax advisor, Boston Consulting Group for the commercial due diligence and UniCredit as financial advisor. Investindustrial has also been supported by Ramboll for environmental, health and safety, and by WTW for insurance. Eataly was supported by Studio Legale e Tributario Fivelex, for the legal aspects of Italian law, as well as by Tarter Krinsky & Drogin LLP, Danow, McMullan & Panoff and Olshan Frome Wolosky LLP, for legal matters in the United States, as well as Biscozzi Nobili Piazza in Italy for tax matters.