TRIESTE, NEW YORK AND LONDON – In accordance with the agreement signed on November 21st 2020, illycaffè S.p.A., announced yesterday the completion of the sale by Gruppo Illy of a 20% stake of illycaffè S.p.A., a leading global premium coffee brand, based in Trieste, Italy to affiliates of Rhône Capital (together with its affiliates, “Rhône”), a global private equity firm with a focus on investments in businesses with pan-European, North American or transatlantic presence.
illycaffè chose Rhône as its strategic partner to lead the Company into its next phase of international growth, particularly in the US.
The partnership represents another key milestone to further strengthen the Company’s platform and provide resources to execute the long-term plans for the business, which could include a potential future listing.
Rhône, established in 1996, is a global private equity firm with a focus on investments in businesses with pan-European, North American or transatlantic presence. Rhône’s investment philosophy includes the development of strong, strategic partnerships with the companies in which it invests. Rhône has a strong history of working with family-owned businesses and operates across its London, New York and Madrid offices. It has invested in a diversified portfolio of companies including investments in the business services, consumer, and industrial sectors.