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(Dealflower, Financial and Legal news, August 6, 2021) – QuattroR, a private equity fund promoting the development of medium-large Italian companies, and Consorzio Casalasco del Pomodoro (CCdP), active in Italy in the cultivation, processing and distribution of processing tomatoes, have finalised an important investment agreement of EUR 100 million on a Made in Italy tomato project.

The operation will be carried out through the incorporation of a Newco, CASALASCO S.p.A., 51% owned by the agricultural partner, through CCDP and CCDP Holding, and the remaining 49% by QuattroR, following an investment of 100 million euros fully subscribed by QuattroR. With a view to continuity, the shareholders confirm the current management team led by the General Manager Costantino Vaia.

Casalasco has currently about 550 contributing farms cultivating 7,000 hectares of land in the Italian provinces of Piacenza, Cremona, Parma and Mantua. In addition to co-packing for the most important international food groups, Consorzio Casalasco owns the Pomì and De Rica brands and is active in over 60 countries worldwide. Consorzio Casalasco stood out for its constant growth in turnover, which in 2020 reached 338 million euros.

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Costantino Vaia, CEO of Consorzio Casalasco del Pomodoro, commented: “the decision to share the project with the Italian fund QuattroR, which has important managerial skills, is based not only on business-related objectives, but also on the sharing of fundamental values on which Consorzio Casalasco has built its growth philosophy.”

Paolo Voltini, President of Consorzio Casalasco del Pomodoro, highlights how this operation is “a further demonstration of farsightedness and openness to change by an agricultural supply chain of excellence that aims to play a leading role on international markets.

Francesco Conte, Chief Executive Officer of QuattroR SGR, added: “The investment in Consorzio Casalasco del Pomodoro is perfectly aligned with our philosophy of supporting and enhancing leading companies in a strategic and representative sector of the nation’s productive system which already sees Italy in second place in tomato production globally”.

In the transaction QuattroR was assisted by Bain&Co, KPMG and Gatti Pavesi Bianchi Ludovici.

Casalasco has been assisted by TALEA, with a team formed by partners Sergio Pellone and Gabriele Consiglio and salary Fabrizio Lanzoni, together with  Vitale&Co, with Alberto Gennarini, Valentina Salari, Magda Pellecchia and Enrico Zito.