Transaction details
Richetti
Ethica Group with Green Arrow Capital in the acquisition of Richetti
Ethica Group, with the Debt Advisory team, assisted Green Arrow Capital, among the main Italian independent operators active in alternative investments, in the structuring of the financing aimed at the acquisition of Richetti, European leader in the production of refrigerated snacks.
Richetti, born in the late 90s on the initiative of the Sicilian entrepreneur Giuseppe Richetti, is the second European producer of fresh snacks for the refrigerated counters of the GDO and today counts among its customers some of the most important multinationals in the food and confectionery sector, of large-scale distribution and discount stores. Richetti is also active in the production of frozen specialties (among other arancini and panzerotti) for the HORECA sector.
The partnership is based on an expansion plan on several fronts, which aims at increasing production capacity, expanding the customer base and strengthening the company’s organizational structure in order to be able to promptly seize new development opportunities offered by the market.