Private equity company QuattroR has purchased a 50% stake in Italian coffee brand the Massimo Zanetti Beverage (MZB) Group.
The financial details of the transaction were not disclosed but involved a significant capital increase for the MZB Group.
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The group oversees more than 40 coffee and tea brands, including names such as Segafredo Zanetti, Boncafé and Chock Full o’Nuts.
With a presence in 110 markets, the company operates 20 coffee roasteries worldwide.
Despite its Italian origins, the coffee brand’s international market now accounts for more than 90% of its turnover.
With more than 3,300 employees, the group reported revenues of €1.1bn in 2023.
The investment by QuattroR is primarily facilitated through a capital increase, with the new funds earmarked for pursuing identified growth opportunities.
QuattroR CEO Francesco Conte said: “With this operation, we confirm our commitment to supporting successful entrepreneurs in the medium-long term, focused on further developing their businesses.
“The investment in Massimo Zanetti Beverage Group is perfectly in line with our commitment to enhance primary Italian brands which are leaders on a global scale.”
MZB Group founder and chairman Massimo Zanetti said: “The partnership with QuattroR represents an opportunity and a stimulus for us, to further consolidate the group’s growth path, maximising the creation of value.
“Sharing our entrepreneurial values and the integration of our respective skills will facilitate the achievement of the group’s objectives.”
Massimo Zanetti, the company’s chairman, will continue in his role, overseeing the group’s ongoing development.
The MZB Group board of directors has appointed Pierluigi Tosato as the new CEO. Tosato has more than 25 years of experience in the food and beverage sector, having led significant industrial groups such as Acqua Minerale San Benedetto, Biscuits Bouvard, Bolton Food, Continental Bakeries and Deoleo.
