February 15, 2024
Translink Corporate Finance in Italy, led by Gianni Laudato, Senior Managing Partner, along with Analyst Vittoria Dalla Rosa, acted as the advisor to Candy Factory S.p.A. in the acquisition of Akellas S.r.l. located in Cerro Maggiore (Milan). Akellas specialises in producing and selling the renowned balsamic candies under the brand Monk’s, both domestically and internationally.
This acquisition marks another step in Candy Factory’s strategy of consolidating exceptional Italian brands in the industry. By adding the Monk’s brand to its portfolio, known for its premium pricing and strong brand recognition, Candy Factory aims to strengthen its presence in this demographic. Akellas now joins an industrial initiative focused on expanding both within Italy and globally, enhancing the Group’s brands and the companies’ manufacturing capabilities.
The Candy Factory Group originated from a strategic vision of FVS SGR S.p.A. and Clessidra Capital Credit SGR S.p.A., that established Candy Factory S.p.A. to facilitate the merger of two longstanding Italian confectionery companies, Casa del Dolce and Liking. The investment involved collaboration with the Castellazzi family (founder of Casa del Dolce) and the Corno family (founder of Liking), who retain a significant minority stake in Candy Factory.
Roberto Ippolito, President of Candy Factory and Managing Director of Clessidra, said: “The Candy Factory Group was assisted by Translink, that presented us with the opportunity and helped us navigate the crucial junctures of the transaction. The Translink team was proactive, professional and brought industry expertise to the table.”
Gianni Laudato said: “We are honoured to have supported FVS SGR S.p.A. and Clessidra Capital Credit SGR S.p.A. in this important M&A transaction that, with the acquisition of the Monk’s brand, strengthens its strategic growth plan.”
Contact our Team Members advising in this transaction:
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 36 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Translink Strempel & Co. is the partner firm of Translink Corporate Finance in Italy composed of seasoned finance professionals who have matured extensive experience in a variety of sectors and disciplines within some of the most important players both nationally and internationally in industry, finance, and management consulting.
Gianni Laudato
