Deal Details

Farmol Is Acquired by dalli

Consumer

Portobello sale of Farmol to dalli

Summary

Portobello Capital (“Portobello”) has entered into a definitive agreement to sell its portfolio company, Farmol S.p.A. (“Farmol” or the "Company"), to dalli group (“dalli”). The transaction is subject to various regulatory approvals and customary closing conditions.

Baird served as financial advisor to Portobello on this transaction.

About

Founded in 2010, Portobello Capital is a leading independent private equity firm focused on the middle market in Southern Europe. The firm invests in a diverse range of industries including food, services, industrials and health & leisure, taking both controlling and minority stakes to accelerate company growth through internationalization, industry consolidation and professionalization. With +€4b in assets under management, Portobello is headquartered in Madrid, Spain.

Founded in 1946, Farmol is a leading European contract manufacturer specializing in the development, formulation and manufacturing of aerosol and liquid products for the personal care and home care markets. The Company operates six manufacturing facilities across Italy, Hungary, Slovakia and Tunisia and employs approximately 1,000 people, providing end-to-end contract manufacturing solutions to a diversified, blue-chip customer base. With annual production capacity of approximately 500 million units, Farmol is one of the largest independent contract manufacturers in its segment in Europe. Farmol is headquartered in Comun Nuovo, Italy.

The dalli group is a seventh-generation family business. For over 180 years, dalli has been developing and producing washing, cleaning and personal care products for retailers and brand manufacturers in Europe. dalli employs approximately 1,300 people. With the acquisition, the dalli group strengthens the group as a whole and further expands its contract manufacturing business, an important strategic step for its competitiveness and future viability. dalli is headquartered in Stolberg, Germany.