Clearwater’s Debt Advisory team has advised the private equity fund Gradiente, on the financing of the leveraged buy-out aimed at acquiring a majority stake in the share capital of Giuriati Group S.r.l. (Giuriati), former Cabassi & Giuriati S.p.A.
Founded in 1970, Giuriati is a supplier of nutraceuticals, natural cosmetics and sanitary products distributed to pharmacies and parapharmacies. The firm has established itself both through the development and consolidation of its own brands, such as Nutriva, Supravit and Spirulina Marcus Rohrer and through distribution partnerships with international leading brands. With a turnover of over €27m in 2020, the company relies on an extensive network of agents, medical representatives and specialists, who guarantee widespread coverage of the Italian market.
The Giuriati family who founded, led and developed the company over its long history of success, will retain a minority stake in the company.
The investment of Gradiente, alongside the Giuriati family, is aimed at seizing the numerous growth opportunities offered by the sector along various lines, both through the expansion of the distribution structure and the product portfolio and through developing new channels in Italy and abroad.
The transaction has been financed by a pool of banks composed of Crédit Agricole Group, which acted also as agent, MPS Capital Services and Intesa San Paolo.
