Hyle Capital Partners acquires Guaresi. The goal is to create a leading group in agricultural machinery with a turnover of DKK 50 million

Hyle Capital Partners sgrvia the funds Finance for Food Onespecializing in investments in Italian agri-food companies and related activities, has acquired fromhomonymous family L ‘the entire capital of Guaresi spaItalian expertise in self-propelled agricultural machinery (see press release here).

Guaresi was supported in the transaction by Ethica Group with m & an advisory team, while Studio Giovannelli e Associati took care of the legal aspects. Hyle Capital Partners was instead assisted by Vitale & Co as financial advisor, Hogan Lovells for the legal aspects, Kstudio Associato for the tax aspects and Pwc for the accounting aspects. The business due diligence was performed by Goetzpartners. Illimity Bank and Bper Banca funded the operation.

This is third investment of Finance for Food One by Hyle, of which Matteo Chieregato (the picture) e Francesco Zito they are partners.

The growth project sees the managerial strengthening of the company to be led by Livio Marchiori And Massimo Zubellirespectively in the role of President and CEO, who will be able to count on the important contribution and experience of the Guaresi family.

The goal is to create one leading group in agricultural machineryable to penetrate new foreign markets for the next five years and achieve one turnover of 50 million eurosalso through synergistic acquisitions with the aim of expanding the product portfolio.

Guaresi was founded in 1932 in Pilastri in the province of Ferrara and today mainly develops tomato harvesters for the canning industry with a wide range of advanced harvesters and sorters marketed globally.

Over the years, Guaresi has consolidated its position in the market thanks to innovative design and construction processes, a high level of technological know-how, an efficient after-sales service and an extensive assistance network. The company has also distinguished itself for its extensive support for the mechanization of the industry thanks to the automatic harvesters and the fight against the phenomenon of illegal renting, carried out concretely together with the best processing industries.

Guaresi currently has two production facilities totaling 10,000 square meters used for production and warehousing. In 2021, the company exceeded 20 million euros in turnover, made for more than two-thirds abroad. Thanks to the consolidated experience of managing generational change (I am in the third generation) and in the management of companies invested in, Hyle will accompany the Guaresi family on the new expansion path.

Chieregato and Zito, Hyle’s two partners, stated: “Guaresi is the typical example of Italian expertise in the world, which is preparing to face an important generational change. We are pleased to accompany the family in this delicate process and share the experience, “accumulated over the years, available to contribute to the further growth of the company. New high-profile leaders will lead the expansion into new foreign markets to create a leading group in agricultural machinery at international level, and expand the product range also thanks to a synergistic acquisition plan”.

The Guaresi family commented: “Hyle’s entry will give us access to skills and expertise that complement ours. We aim to expand into new foreign markets and strengthen ourselves in some product segments that are still not very well attended”.

We recall that the second investment of Finance For Food One took place last January with the acquisition of 14.6% from Contri Spumanti spa from Alliance Partners (see second article of BeBeez).

The first investment was made in April 2021, with the purchase of majority from Manuzzi srla group specializing in the purchase, packaging and distribution of dried fruit, a leader in the niche of exotic and dehydrated fruit (see another article by BeBeez).

The bottom Finance for Food One was launched in 2019 from Funding for Food srlconsultancy shop for agricultural enterprises, managed by Arturo Semerariwith the role of sponsor and advisor, along with Azimut Libera Impresa sgr, owner of the management. In October 2019, the foundation announced an initial closure of the collection 80 million euros on a final target of 200 million. (see another article by BeBeez). The commitments had come from institutional investors such as National Forensic Fund, Empire Investors and Epap. In June 2017 Italy today had reported the news of the founding of Finance for Food srl in Rome by the lawyer Francesco Giannifounder of the well-known law firm Gianni Origoni, della Thirteenvehicle of Paolo Bordi, with a past in Assogestioni, where he worked in the legal sector and partner in the same GOP firm; from Paolo Cuccia, President of Gambero Rosso; and Quantum Financing of Angelo Avan.

From the launch of the fund until April 2021, there was no further news, but in the meantime, the management of the fund was transferred to Hyle Capital sgr, which has largely the same shareholders in Finance for Food srl. As reported by Finanzaditerolequinte in September 2020 became the first partner Thirteen srl of Bordi himself and his sister Paola and of Alessandro Merenda who works in the same law firm as GOP. The Board of Directors includes Silvia Bordi, Merenda, Ferdinando Parente (formerly Bank of Italy) and Chieregato (formerly 21 Invest and the fund’s other partner, Zito). Finally, among the minority shareholders in Hyle with 10% Icoa novice led by the lawyer Francesco Gianni.

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