Dolciaria Acquaviva

Leading company in the Italian frozen bakery sector operating a one-stop-shop B2B business model reaching ~25k retail customers, with a focus on the HoReCa channel.

Objective

Invest in one of the leading players in the attractive Italian frozen bakery space with significant growth potential, both organic (thanks to clear underlying trends such as ongoing switch from fresh to frozen, still under-penetrated in Italy vs. other countries, as well as increasing out-of-home consumption) and through M&A (due to the high level of fragmentation of the market), leveraging on a top-notch production footprint and a true partnership with the founding Acquaviva family (still guiding the Company, but complemented over time with a strong leadership team of independent managers).

ENTRY / EXIT
Jul 2019
 / 
Jun 2024
TREND

Increasing Market Cycle Risk; Drive to Increase Personal Time

COUNTRY

Italy

SECTOR

Consumer; Niche Industrials

Key Achievements at Exit

SALES
€116m
EMPLOYEES
195

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Sustainability generates long-term and higher value

Apheon’s ambition is to contribute to the development of sustainable finance by placing sustainability at the core of its strategy and demonstrating by example that it delivers higher and better value for portfolio companies and investors.
 
We are convinced that businesses that respect the planet, that look after their employees and that support their communities will in turn attract the best talent, differentiate themselves from their competition and ultimately emerge as the strongest in the future.

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