The investment company OF Investindustrial VII L.P. and Eataly S.p.A. have signed an agreement to support the international growth of Eataly, the ambassador of ‘Made in Italy’ food.
The transaction provides for an investment of €200M and a concurrent purchase by Investindustrial of a part of the shares held by existing shareholders, which will lead to Investindustrial becoming the majority shareholder.
Nicola Farinetti, who currently holds the position of Chief Executive Officer, will assume the position of Chairman of the Company. A new CEO will be announced shortly with the mission of leading the Company into its next phase of growth on a global scale.
Andrea C. Bonomi, Chairman of Investindustrial’s Advisory Board, said: “We are delighted to be able to support Eataly, an example of Italian excellence in the world, as a long-term partner. Thanks to the vision and entrepreneurial ability of the Farinetti family, Eataly represents a unique and innovative player that has led the revolution of the concept of high-quality Italian food all over the world. We look forward to supporting Eataly by leveraging our deep experience in helping companies grow globally with the highest ESG and sustainability principles. The collaboration between Investindustrial, the Farinetti family, the Baffigo/Miroglio family and Clubitaly (TIP) is focused on supporting Eataly’s next stage of growth, preserving its unique DNA and maintaining its profile of sustainability, supply chain control and integrity.”