The Private Capital Fund Italian Fine Food, promoted by AVM Gestioni SGR with the aim of promoting the regional excellence of Made in Italy food, has Acquisition of 80% of Stefania Calugi Tartufi completed. Financial details of the deal were not disclosed.
Stefania Calugi Tartufi was founded in 1987 as the legacy of a long and consolidated family tradition in the hills of San Miniato, one of the most important Italian territories for truffle production. From a small artisan laboratory of only 67 square meters, today Stefania Calugi has built a company of over 1500 square meters with 25 employees, including 16 women.
With the acquisition of Stefania Calugi Tartufi, which follows in chronological order and in the same sector the acquisition of Savini Truffles, AVM continues its journey in creating a champion of Italian fine food, on which to realize all the potential of the sector, maximizing the synergies between the various excellences and providing support in terms of strategic and financial know-how.
In accordance with the agreements with AVM Gestioni, Stefania Calugi maintains the role of CEO by Stefania Calugi Tartufi, which will also maintain the entire current company organization and structure.
“Our ambition is to unite the excellence of Made in Italy in Italian Fine Food, and with Stefania Calugi we are adding to our portfolio yet another one of the best players in the truffle sector – commented Giovanna Dossena, Principal of AVM Gestioni – This opportunity is very significant for me, as it allows us to enhance a company founded and led by an enlightened entrepreneur like Stefania, whose work is widely recognized by the certifications and numerous awards obtained. I am certain that this agreement will allow us to enhance the excellence of food made in Italy at an international level”.
As part of the operation, Bank of Fucino intervened as the sole financing entity through the provision of an unsecured loan.
“With this new operation, the Italian Fine Food fund continues on its path to create a champion capable of uniting and synergizing the forces of the best players in the sector,” underlined Stefano Filippini, Partner of AVM Gestioni who followed the operation.
“The Italian Fine Food project has the ambition to join forces with the best players in the truffle sector: I am confident that the new partnership will give us the opportunity for further growth in national and international markets” underlined theCEO Stefania Calugi. “We will continue to be a company that represents the territory, aiming to grow also in terms of staff as well as expanding the areas related to food and wine and experiential tourism. The ambition is to have the strength to make ourselves increasingly known as a company of excellence, also representing our Val d'Elsa and bringing ever greater attention in terms of authority and quality.”
In the context of the operation, Banca del Fucino intervened as the sole financing entity through the provision of an unsecured loan.
