Waico Group, a portfolio company of Mindful Capital Partners, has acquired Logiudice Forni Srl

Logiudice Forni Srl

Founded over 60 years ago and headquartered in the province of Verona, Italy, Logiudice specializes in the production of professional deck and rotary ovens and is known for its advanced technology, product reliability and close attention to the needs of artisanal professionals. The company has a global footprint, serving customers across all continents, with the majority of revenues generated in international markets.

The Deal

Waico Group, an Italian industrial group focused on the design and manufacturing of equipment and technologies for the artisanal pastry, bakery and pizzeria markets, was created by Mindful Capital Partners by the aggregation of four synergetic companies: Vitella (rounders and dividers), Starmix (planetary mixers under the brand Starmix and sheeters under the brand Flamic) Effedue (spiral mixers) and Italforni (pizza ovens). The acquisition represents a further milestone in Waico Group’s growth strategy, aimed at strengthening its presence in key international markets and broadening its portfolio of high-quality, innovative solutions for artisan food professionals.

Lincoln International was appointed by Mindful Capital Partners and Waico Group as debt advisor to structure the financing package supporting the acquisition of Logiudice, as well as the refinancing of Waico Group’s existing debt. The financing was provided by BPER Banca, and mezzanine notes were provided by Finint and Fürstenberg SGR.

Our Perspective

Daniele Candiani, Managing Director and Co-Head of Lincoln International’s Capital Advisory Group in Europe, commented, “We are honored to have assisted Mindful Capital Partners and Waico Group in this transaction that further reinforces the group’s leadership in the artisanal bakery, pastry and pizzeria sectors.”

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