Clessidra is currently completing the investment of its third private equity fund and has recently launched its fourth fund.
Milan, March 11, 2021 - Italmobiliare, which already invests in the Clessidra Capital Partners 3 Fund, is also one of the co-investors with the Fund in the deal closed today, namely Clessidra Sgr's acquisition of a majority stake in Botter S.p.A., a Venetian company owned by the Botter family and DeA Capital that is one of the largest exporters of Italian wine in the world.
Italmobiliare's investment – for an amount equal to 36 million euro - is in support of Clessidra's project, which has identified Botter as the cornerstone of a consolidation initiative in the wine trade: a strategy of targeted acquisitions with the idea of creating an Italian leader in this sector with strong growth potential in new markets. With Botter, Clessidra enters the wine trade, a global market that today is worth over 300 billion euro, one that has shown considerable resilience even during the global health emergency, especially in the large-scale distribution channel.
Carlo Pesenti, CEO of Italmobiliare, comments, "This deal confirms Italmobiliare's role in supporting Clessidra's strategy as a primary Italian player in the LBO sector. It shows once again how we can facilitate the completion of very interesting acquisitions with plenty room for future development, potentially to the benefit of all investors in the fund. Also thanks to the contribution of the other co-investors, it was possible to create the right framework to implement a complex operation, which is the basis of an ambitious project of aggregation and growth outlined by the Clessidra team.”