Gourment Italian Food sold to Chequers Capital
Gourment Italian Food sold to Chequers Capital
Transaction
Overview
Spayne Lindsay & Co. is delighted to announce that it has advised Alcedo on the sale of Gourmet Italian Food, the leading Italian ready meals group in Italy, to Chequers Capital
Gourmet Italian Food is the leading Italian group specialising in premium ready meals and gastronomic products, supplying predominantly the Retail, Horeca, and B2B markets. The GIF project was initiated in July 2019 by Italian private equity Alcedo SGR with the acquisition of Eurochef Italia. In June 2021, GIF was formally established through the integration of Eurochef Italia and La Gastronomica, spearheaded by Alcedo and FVS. Further strategic acquisitions followed, including Fabian (savoury snacks and sandwiches), Cucina Nostrana and its subsidiary Deppieri (fresh gastronomy and sandwich bread),F.I.R.M.A. Italia (dehydrated ready meals with strong export capabilities), and the healthy meal brand 100grammi.
Driven by organic growth, strategic integration , and significant commercial, industrial, and marketing synergies, GIF rapidly expanded from €17 million turnover in 2019 to over €140million turnover in 2024. The Group is now positioned as the undisputed market leader in Italy's ready meals sector, leveraging an extensive portfolio of premium-quality products—including appetizers, snacks, main courses, and desserts—to serve customers worldwide.
Chequers Capital, headquartered in Paris, manages assets exceeding €3 billion and specializes in industrial, digital, and B2B service sectors. With Chequers’ support, GIF is poised for continued expansion both in Italy and internationally, aiming to further consolidate its leadership as a meal solution provider.
Our deep industry knowledge, global perspective and strong relationships make us a trusted advisor to leading consumer companies and investors
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