EQUITA assisted Clessidra Private Equity SGR

Clessidra (700x1050)

Milan, 25 May 2023 – Clessidra Private Equity – one of the largest Italian private equity firms focused on the upper-mid market – completes the acquisition of Everton, a leading player specialised in teas and infusions, from a group of investors led by Cronos Capital Partners.

The acquisition – which represents the fourth transaction of Clessidra Capital Partners 4 – will support management’s ambitious growth plans building upon Everton’s strong momentum.

Clessidra Private Equity was assisted by EQUITA K Finance as M&A advisor and by EQUITA SIM as debt advisor. In this latter case, EQUITA assisted Clessidra with the structuring of the acquisition financing granted by a pool of banking groups (Banco BPM, BPER Banca Corporate & Investment Banking, Crédit Agricole Italia and Banca Ifis).

With this deal, EQUITA has strengthened its role as the go-to financial advisor in assisting leading financial sponsors with their acquisitions of Italian, corporate excellences.

The transaction in a nutshell

Equita assisted CPE

Clessidra successfully completes the fourth investment of its private equity fund Clessidra Capital Partners 4. EQUITA M&A advisor and debt advisor of the transaction

Client:
Clessidra Private Equity SGR
Date:
May 2023
Mandate:
Acquisition of Everton S.p.A.
Role:
M&A advisor and debt advisor
Value:
Undisclosed

The Company

Clessidra Private Equity is a leading private equity firm in the Italian market, with more than €3 billion of capital commitments across its funds. Founded in 2003, Clessidra Private Equity is held by Italmobiliare, the listed investment holding company controlled by the Pesenti family.

Everton offers a vast product portfolio of teas and infusions, which is over-indexed vis-à-vis the market in terms of directly sourced organic products and sustainable packaging solutions. The company leverages on an unmatched integrated supply chain to provide its first-tier clients with quality, innovation, origin traceability, and price competitiveness.