Transaction

New financing for Galvanina provided by a pool of leading financial institutions, partially guaranteed by SACE’s Growth Guarantee

Transaction

New financing for Galvanina provided by a pool of leading financial institutions, partially guaranteed by SACE’s Growth Guarantee

Debt Advisory

€61m

Role

Adviser to Galvanina in securing over €61m in new financing

Sector

Food & Beverage

Region

Italy

We have advised Galvanina S.p.A. (Galvanina), a long-standing Italian company specialising in the production of mineral water and premium beverages with a strong export focus, in securing over €61m in financing to support a new phase of growth.

The financing, partially guaranteed by SACE through the ‘Growth Guarantee’, was provided by a pool of leading credit institutions, including UniCredit, Banco BPM, BPER, Solution Bank, and the Azimut Group.

Galvanina is a historic Italian company with over seventy years of heritage in producing natural mineral waters and premium beverages, including soft drinks, iced teas, and flavoured waters, available in both organic and conventional versions. It operates three production facilities in Italy and distributes its products in over 35 countries, with key markets in Europe and North America. Its significant growth in recent years has been driven by a continued commitment to quality, innovation, and sustainability, factors that have established Galvanina as a benchmark of Italian excellence. Since 2019, the company has been owned by The Riverside Company, a global private equity firm headquartered in New York, with offices across Europe and Asia, specialising in the growth of mid-sized companies with strong international potential.

This transaction marks a key milestone in Galvanina’s development, providing the financial flexibility needed to support the group’s 2025–2029 business plan. The company intends to accelerate its international expansion, particularly in North America and Europe, while continuing to invest in sustainability, product innovation, and industrial initiatives aimed at improving efficiency and reducing environmental and social impact.

Galvanina 2

In recent years, we have faced a series of challenges, from the aftermath of the pandemic to inflationary pressures, international tariffs, and exchange rate fluctuations. Despite this, Galvanina has continued to grow, nearly doubling its turnover since 2019, strengthening its position in the premium beverage segment, and building solid, long-lasting relationships with leading international retailers. The trust placed in us by major financial institutions, who have chosen to support our growth plan, confirms the strength of our business model and, more broadly, the value of Made in Italy. It enables us to seize the opportunities of a global market that is evolving at an unprecedented pace.

Gianluca Privitera, CEO, Galvanina
Galvanina 2

Since 2019, the year of our acquisition, Galvanina has nearly doubled its turnover, solidifying its position as a benchmark of Italian excellence in the premium beverage sector. This financing, supported by a consortium of leading financial institutions, will enable us to accelerate expansion further and strengthen the company’s international presence, while maintaining a strong focus on quality, sustainability, and long-term growth.

Rafael Alvarez Novoa Barrio, Partner, Riverside

We are proud to have contributed to the success of this transaction, which supports Galvanina's ambitious growth and development plans and sees us, once again, partnering with Italian excellence and international private equity investors. The financing will enable the company to continue its growth trajectory and includes benefits tied to the achievement of specific ESG objectives, reflecting Galvanina's commitment to environmental and social sustainability.

Michel Castiglioni, Associate Partner, Clearwater

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