Gianni Tamburi approaches Eataly to Piazza Affari. Through the Club Italy vehicle, Tamburi Investment Partners acquired 20% of the Italian food giant from Eatinvest, controlled by the Farinetti family.
The investment for Club Italy is 120 million euros for 20% of Eataly's capital, with the provision of a profit sharing and/or quota adjustment mechanism based on the IPO values or other possible forms of valorisation in the course of the next few years. A part of the resources raised by Eatinvest will be reinvested in Oscar Farinetti's company, also in order to support the important development plan.
The colossus of quality Italian food, in 2014, is aiming for a consolidated turnover target of around 400 million euros (excluding franchises) with an Ebitda of around 45 million euros. Eataly's shareholders have shared with Tamburi Investment Partners the objective of listing the company on the stock exchange in 2016/2017, subject to financial market conditions.
Club Italy is a company created especially for the operation, in the wake of other club deals created in recent years, of which TIP holds about 30%, while the rest has been subscribed by other investors, mainly historical partners of Tamburi.
