Milan – CFI Italy is pleased to announce that they acted as financial advisor to the Turatti family when they sold a majority of Turatti Group’s shares to IDeA Taste of Italy.
The Turatti Group was founded in 1869 and it has its operational and production headquarters in Cavarzere and factories in the United States and Vietnam. Turatti is a global leader in the design and construction of machinery for the food industry. With this transaction, the Turatti family, which has been managing the Group for five generations, intends to give to the Group new growth and continuity with the aim of further strengthening its leadership position.
The President Antonio Turatti and his sons Alessandro Turatti and Ilaria Turatti, will keep working for the Group as members and administrators, actively contributing to manage the Company.
DeA Capital Alternative Funds is the reference partner in Italy for alternative investments in private equity and in turnaround, with local and global exposure. Founded in 2006 focusing on Funds of Funds programs targeted to global markets, the company has gradually extended its business launching private equity direct funds and, then, specific investment programs dedicated to turnaround activities.
The transaction closed in December 2019.
its Exposure Machine Business to
Via Mechanics Limited, a company that engages in the research and development, design and engineering and manufacture of processing machines for electronic components, transfers its Exposure Machine Business to ADTEC Engineering Co. Limited, which designs and builds technologically advanced products