Deal typeTransaction Services
IndustryManufacturing
Sub-industryFood and drink
BDO provided vendor assistance to Italicatessen on the completion mechanics for their sale to Musgraves.
IItalicatessen is an importer and distributor of Italy’s top-quality food and beverages to the Irish market. It was founded in 2002 and is based in Wicklow, with a UK distribution location in Brentford. The business employs 75 people and is owned by Giorgio Guastalla, Teresa Immacolata Luppino, Giacomo Duranti and Marco De Sanctis . It will continue to run as an independent business following the acquisition. The deal marked a further development in Musgrave’s strategic plan to grow its business with a particular focus on food service and wholesale.
Musgrave Group is an Irish food retail, wholesale and food service company. Musgrave Group was founded by brothers Thomas and Stuart Musgrave in 1876 in Cork. It now owns 12 food and beverage brands. In FY20 the business had a reported turnover of c. €4.5bn, which converted to an operating profit of c. €192m.
The team that advised on the deal was led by Rory O'Keeffe.
IItalicatessen is an importer and distributor of Italy’s top-quality food and beverages to the Irish market. It was founded in 2002 and is based in Wicklow, with a UK distribution location in Brentford. The business employs 75 people and is owned by Giorgio Guastalla, Teresa Immacolata Luppino, Giacomo Duranti and Marco De Sanctis . It will continue to run as an independent business following the acquisition. The deal marked a further development in Musgrave’s strategic plan to grow its business with a particular focus on food service and wholesale.
Musgrave Group is an Irish food retail, wholesale and food service company. Musgrave Group was founded by brothers Thomas and Stuart Musgrave in 1876 in Cork. It now owns 12 food and beverage brands. In FY20 the business had a reported turnover of c. €4.5bn, which converted to an operating profit of c. €192m.
The team that advised on the deal was led by Rory O'Keeffe.