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Leisure & Hospitality
Sale of Fra Diavolo to Alto Partners
Date
May 2024
Transaction Type
Private Equity acquisition
Value
Undisclosed
Sold to
Back to transactions
Leisure & Hospitality
Sale of Fra Diavolo to Alto Partners
Date
May 2024
Transaction Type
Private Equity acquisition
Value
Undisclosed
Sold to
Transaction
Overview
Spayne Lindsay & Co LLP is delighted to announce that it has advised Mauro D’Errico and Gianluca Lotta, the founders of Fra Diavolo, a fast-growing Italian chain of pizzerias, on its majority sale to Alto Partners, a leading Italian private equity investor
Founded in 2018 by Mauro D'Errico and Gianluca Lotta and based in Turin, Fra Diavolo has grown rapidly, now managing 24 sites, establishing itself as a point reference in Italian full service catering with a focus on pizza, combining Neapolitan style artisanal pizza with a modern twist. Fra Diavolo is planning to continue growing in Italy and abroad, with a first location expected to open in Miami in 2024.
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