MILAN – Ali Group today announced that it has successfully concluded the acquisition of Rancilio Group, an Italian coffee machines manufacturer, from the Rancilio family and Alto Partners, a Milan based private equity firm.
Luciano Berti, ALI Group’s Chairman and Chief Executive Officer, stated: “We are very pleased to welcome the Rancilio Group into ALI. This acquisition further strengthens our position and visibility in the food service equipment market and adds a new dimension and another business segment to our brand portfolio.
I am also delighted to announce that we have confirmed Giorgio Rancilio in his position of CEO of the Rancilio Group.
Rancilio and its Swiss subsidiary Egro are among the world’s leading brands for both traditional and fully automatic coffee machines. We are looking forward to a strong development with our existing international distribution channels” says Berti. “We are excited to have become part of the ALI Group and look forward to working closely with Luciano Berti and the rest of the management team” said Rancilio’s Group Chief Executive Officer, Giorgio Rancilio.
Giorgio Rancilio “I’d also like to thank Alto Partners for their support and guidance in concluding the Egro transaction and the divestment to ALI Group”.
“We are proud of our 6 year journey with the Rancilio Group. As a minority investor in full agreement with the Rancilio family, we supported, among other things, the acquisition of Egro which allowed the Group to increase revenues, profitability and number of employees” said Stefano Scarpis, Chairman of Alto Partners SGR.
Advisors
Pedersoli e Associati acted as legal advisor to the ALI Group.
Crédit Suisse acted as financial advisor of Alto Partners and the Rancilio family. Gattai, Minoli and Partners supported Alto Partners and the Rancilio family as legal advisor.
About Rancilio Group
Founded in 1927 by Roberto Rancilio, the company is one of the leading players in the professional espresso coffee machines for HoReCa.
Rancilio is one of the few players worldwide offering both traditional (semi-automatic) and fully-automatic machines, the latter marketed under the Egro brand, a well-known Swiss manufacturer acquired by Rancilio in 2008.
Through direct presence and a broad network of distributors, Rancilio has established a global footprint with presence in more than 100 countries and approximately 220 employees.
About Alto Partners
Alto Partners is a leading independent Italian mid-market private equity firm led by partners Stefano Scarpis, Raffaele de Courten and Mario Visioni.
Based in Milan, the firm is focused on buy-out and minority investments in high quality mid-sized companies mainly in northern and central Italy. Rancilio is the third divestment of Alto Capital II.
