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Food & Beverage

BiotoBio has merged with La Finestra sul Cielo

BiotoBio has merged with its domestic competitor La Finestra sul Cielo S.p.a.

BiotoBio is the leading Italian distributor of healthy food, serving 1,000 specialty shops throughout the country. It has a turnover of US$60 million. BiotoBio is part of EcorNaturaSì, a company founded in January 2009 from the merger between Ecor, the first wholesale distributor of organic and biodynamic products, and the main Italian chain of supermarkets specialized in the retail distribution of such products.

La Finestra sul Cielo has been active in the organic food sector since 1978, selling its products in Italy and abroad and focusing in particular on food intolerances, macrobiotics and vegan foods. The company has a turnover of US$38 million.

Oaklins’ team in Italy advised BiotoBio’s minority shareholders on their merger with La Finestra sul Cielo. The team had previously advised the EcorNaturasì group on another transaction.

Our healthy food specialist said: “We are happy to have advised the minority shareholders of the company on another transformational deal in the healthy food sector in Italy. This transaction shows that the dynamics of the industry have not been impacted by COVID-19, and we expect many other companies to join forces with domestic or international groups in order to provide a wider offering to consumers in different geographic areas.”

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M&A buy-side
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“The establishment of this new partnership is clear proof that BiotoBio is looking at the future and setting new objectives aimed at widening its offering, investing in companies that can help the growth of our young and very active group. Oaklins’ team in Italy advised us – the minority shareholders of the group – throughout the process of negotiating a balanced partnership with our domestic competitor La Finestra sul Cielo. Oaklins has again proved to be very professional, efficient, quick-reacting and oriented toward the final success of the transaction for the benefit of all the parties involved. It’s not a coincidence that this is the second deal we have closed with their assistance.”

Roberto Maschio

President and Shareholder, BiotoBio

Talk to the deal team

 Davide Eugenio  Milano

Davide Eugenio Milano

Managing Director

Milan, Italy
Oaklins Italy
 Paolo  Russo

Paolo Russo

Partner

Milan, Italy
Oaklins Italy

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