Clessidra Expands Presence In The Italian Wine Sector
Clessidra Private Equity fund has boosted its presence in the Italian wine sector by acquiring a majority stake in local wine group Mondodelvino.
Founded by the Martini family, Mondodelvino is one of the top twenty Italian wineries and features in the top ten among private players.
Despite the pandemic, the group managed to increase revenue by over 6%, to €120 million, with 90% coming from UK, Germany, Nordic countries, Canada and Russia.
With wine estates such as Cuvage, Ricossa, Poderi dal Nespoli and Barone Montalto, the Mondodelvino group is a benchmark in quality, innovation and sustainability.
The fund aims to create the biggest private player in the Italian wine sector, with €350 million in revenues, in a very fragmented market.
Both companies have a high level of complementarity in terms of wine and markets, Clessidra added.
The current CEO of Botter Massimo Romani will lead the new group and also take on the position of CEO of Mondodelvino. The Martini family will remain as shareholders of Mondodelvino.
The Mondodelvino deal follows Clessidra’s recent acquisition of a majority stake in the Botter winery, a leading exporter of Italian wine owned by the Botter family and IDeA Taste of Italy fund.
Botter bottles and markets various still and sparkling wines and has obtained sustainable growth due to a product portfolio that comprises some of the most successful Italian origin wines, including Prosecco Asolo DOCG, Pinot Grigio Friuli Grave DOC and Primitivo.
In 2020, Botter reported revenues of €230 million, registering a growth of 6% compared to 2019, despite the COVID-19 pandemic.
The company exports 98% of its production, mainly to the USA, Germany, UK and Scandinavia.
© 2021 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine