Wise Equity SGR

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Consumer & retail
Wise Equity SGR
Independent fund management company
Acquired 100% of Business Operations
C.R.M. S.p.A.
Production of ambient and chilled piadine and tigelle
Advised on Sale of Company

Avised Aksia on the disposal of Casa della Piada to Wise Equity

C.R.M. S.p.A. (Casa della Piada), with production sites in Modena and Ravenna, is the Italian leader in the production of ambient and chilled “piadine” and “tigelle” (respectively, large flatbread, and smaller and thicker flatbread), sold in the modern trade in Italy and abroad under private label and its own brands. In 2019, C.R.M. acquired 100% of Gastone S.r.l., a company based in Ravenna, involved in the production of piadine and tigelle, which thanks to its geographical location can also produce PGI products.

Vitale (IMAP Italy) acted as financial advisor to the seller, offering support in the structuring of the transaction, in the negotiation phases and in the coordination of due diligence activities.

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