• Food

Gourmet Italian Food, owned by Alcedo, acquires Cucina Nostrana

Gourmet Italian Food, owned by Alcedo Sgr, has acquired 100% of Cucina Nostrana, a company active in the production of fresh ready meals under its own brand and for third parties. The acquisition includes the purchase of Deppieri, a company wholly owned by Cucina Nostrana, and specialised in the production of loaf bread.

Gif has acquired the shareholding from the Casagrande Family, who has subsequently reinvested into the Company. Alberto and Alessandro Casagrande has maintained their roles within the company as co-Ceo, respectively responsible for administration-production and sales; they will both join the Strategic Committee of GIF Group. Cucina Nostrana was founded in the early 80s thanks to the intuition of Ugo Casagrande, who converted his gas-tronomy store located in the heart of Mestre (Venezia) into the production of fresh ready meals, primarily destined for retail chains. Today, in order to guarantee high-quality, the company manages internally its whole production process, operating within a 9,000 sqm facility located in Maerne di Martellago (Venezia). Cucina Nostrana entered the bread and sandwiches sector through its acquisition of Deppieri in 2016. In 2019 Deppieri was relocated to a dedicated production facility of over 5,000 sqm in Gardigiano (Venezia), equipped with a state-of-the-art produc-tion technology. Gourmet Italian Food was founded in June 2021 by Alcedo and Fvs sgr through the combination of Eurochef Italia, owned by Alcedo, and La Gastronomica, owned by Fvs. "The acquisition of Cucina Nostrana follows that of La Gastronomic and Fabian only a few months back - explains Filippo Nalon, partner at Alcedo - and it is part of a project, led by Alcedo, aiming to create a leading group of companies in high-quality fresh gastronomy. The portfolio now boasts a diverse range of ready meals ranging from fresh to ultra-fresh meals and snacks, catering to various distribution channels from retail chains to ho.re.ca as well as vending. We are thrilled to welcome to GIF the Casagrande family , which will undoubtedly make significant contribution to our Group in the coming years”.

At Alcedo, the transaction was conducted by Partners Maurizio Tiveron, Michele Gallo and Filippo Nalon alongside Senior Analyst Gioia Ronchin. Alcedo was assisted by Lawyers Renato Giallombardo, Luca Spagna and Stefano Casamassima of EY on legal matters and Giuseppe De Simone and Alessandro Magnifico of Gianni&Origoni on bank-ing profile. Adacta Advisory, with a team led by partner Francis De Zanche, and together with Alessandra Nicastro, Elisabetta Perissinoto and Riccardo Pellizzari, has performed Financial Due Diligence. Russo De Rosa Associati Law Firm has performed Tax Due Diligence and deal structuring thanks to a team led by Leo De Rosa, Alessandro Manias, Libera Martini, Francesca Bassoli e Andrea Massaccesi. The Casagrande family was assisted by Carlo and Rodolfo Pesce of Studio Grimani and Pesce based in Mestre (VE). The transaction was financed by Banco Bpm.The lending bank was assisted by Lawyers Alessandro Fosco Fagotto, Tommaso Zanirato and Flaminia Lucchetti of Dentons Law Firm.