The Equinox fund has acquired 40% of the capital of Pizzium, a chain of Neapolitan pizzerias founded in 2017 in Milan. The operation was carried out through a vehicle company, with a mix of an inseparable capital increase of 6 million euro and the purchase of shares from the previous shareholders. The control and management of the business remain in the hands of Stefano Saturnino, founder and CEO of Pizzium, and Nanni Arbellini, founder and head of product development.
“We have chosen to open the capital to Equinox because it will support our expansion plan and allow us to further accelerate the development of the brand – comments Saturnino – We plan to double the current size with the opening of at least 20 new pizzerias in the next two years, strengthening our presence in the geographical areas where we already have points of sale and also bringing the brand to new cities".
Pizzium has 22 stores in Italy and expects to return to pre-Covid turnover as early as 2021. The business plan also aims to achieve a turnover of around 40 million euros in 2023, with an Ebitda margin above 20% as early as the end of 2021 .
"With this investment, Equinox continues the diversification of its portfolio with a brand that enjoys high recognition on the market - explains Angelo Facchinetti, partner of Equinox - The entry of Equinox is aimed at strengthening the leadership and penetration in the various areas regions of interest with the opening of new points of sale”.
