IDeA Taste of Italy sells its majority stake in Gelato d’Italia

Idea Taste of Italy, a private equity fund specialized in the agri-food sector managed by DeA Capital Alternative Funds SGR S.p.A., today completed, together with the Olivi family and management, the sale of 100% of the capital of Gelato d’Italia S.r.l. to the American fund Davidson Kempner Capital Management LP, supported in the transaction by Afendis Capital Management Limited.

Gelato d’Italia, acquired by Idea Taste of Italy in 2016, is a leading company in the production of private label ice cream for large-scale distribution and industrial partners with an expected turnover for the year 2022 of more than 70 million euros, of which about 35% made abroad.