International investment firm BC Partners LLP has reached an agreement to acquire Pasticceria Bindi S.p.A. (Bindi), an Italian producer and distributor of frozen patisserie products within Italy and abroad, from the company’s family owners.
Founded in Milan in 1934, Bindi offers a wide variety of desserts and other bakery products, including patisserie and ice cream mono-portion desserts, cakes and ice creams. In Italy, the company has a customer base of over 25,000 clients, mainly represented by restaurants, hotels and bars. In addition, Bindi sells into over 40 international markets that represent approximately 40% of revenues, led by the US where it operates through a direct subsidiary with production and direct distribution capabilities.
The acquisition follows BC Partners’ acquisition within the Italian frozen bakery sector of Forno d’Asolo S.p.A. in 2018. Financial terms of the transaction are not being disclosed.
BC Partners will support Bindi’s growth plans in the future, which include expanding the product offering, developing new patisserie products, growing international sales, and seeking to further consolidate the patisserie market through strategic acquisitions in Italy and abroad.
Bindi will continue to be managed by Roberto Sala, who has been General Manager since 2014, and CEO Attilio Bindi, who will remain involved in a non-executive role to support the development of the brand abroad.