Green Arrow eats up Italian snack manufacturer Richetti

• Richetti’s expansion plan which is centred around organic growth
• The company plans to increase its production capacity, enlarge its customer base and strengthen its organisational structure
• The founding Richetti family will retain a stake in the company

Green Arrow Capital announced on Monday the acquisition of Italian chilled snacks manufacturer Richetti. It was Green Arrow Private Equity Fund 3’s seventh investment.

Richetti’s expansion plan is centred around organic growth. The company plans to increase its production capacity, enlarge its customer base and strengthen its organisational structure. The founding Richetti family will retain a stake in the company as part of the deal and will hold operational roles.

Caltagirone-based Richetti in 2021 reported over €50 million in sales with chilled snacks representing approximately 80% of that and an EBITDA margin of about 15% of revenues. Approximately 60% of revenues were generated outside Italy. The company’s top line grew at a double-digit rate in recent years.

“This acquisition is in line with the investment strategy pursued by Green Arrow Capital to back Italian champions in sectors where the country is second to none, such as food,” said Eugenio de Blasio, chairman and CEO of Green Arrow.

Green Arrow Capital is an alternative investments group that invests across clean energy and infrastructure, real estate, private equity and private credit. It was established in 2012, manages over €2 billion in assets under management and is headquartered in Rome.

Last week, Green Arrow exited Italian designer and printed circuit board manufacturer Somacis Graphic Group.