Illycaffè Spa announced on Monday (23) the sale of a minority participation of the company for Affiliates of Rhône Capital (together with its affiliates, “Rhône”), a global private capital company, focusing on investments in companies with presence Pan-European, North American or Transatlantic. Illycaffè declares that he chose Rhône as a partner to lead the company in his next stage of international growth, after a long and rigorous selection process that lasted more than a year.
“Rhône was chosen by its ability to contribute to the international expansion of Illly’s presence, especially in the United States, and will serve as a resource to further strengthen the company’s platform in the implementation of its growth plans. The partnership with Rhône Represents another important milestone on the way to establish Illycaffè as a company led by the management and sustained by the continuous and solid strategic vision of the family. This strategic decision will further solidify the global leadership position of Illycaffè and complement the generational transition He began with the appointment of the fourth generation of the family Illy for the Board of Directors, who approved with enthusiasm this new partnership, “says Illycaffè, Andrea Illly.
Rhône’s co-founder and administrative director Robert Agostinelli states that “we are honored to have been chosen by Andrea Illly and the rest of his family as a partner to support them in his long-term international strategic goals. Illycaffè is a banner of how family property of several generations can lead and improve an excellent brand identity around the world. We were attracted by Illly’s underlying business quality, its approach to value creation and impeccable ethical standards, which are reflected in its corporate governance and commitment to sustainability. ”
The conclusion of the transaction is expected to occur at the end of the first quarter of 2021, subject to the usual regulatory approvals. Illycaffè was advised in this transaction by Goldman Sachs International, Studio Sabelli Benazzo and Studio Gattai, Minoli, Agostinelli and Partners. Rhône was advised by Credit Suisse, Chiomenti Studio Legal and Paolo Montironi.
This text was translated by machine from Brazilian Portuguese.