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MILAN, Italy – RoastMaster Capital (RMC) announces the signing of an agreement with Caffè Ottolina S.p.A., a historic Milanese roaster founded in 1948, which becomes the first partner of the aggregation project promoted by RMC — a platform created to enhance and strengthen the Italian coffee sector. The transaction involves RMC’s entry into the share capital of Caffè Ottolina through the holding company dedicated to the project. The Ottolina family, which has also reinvested in RMC, will continue to lead the company, benefiting from the industrial and financial support of the new group.
“With RMC, we aim to inject new energy into a sector that has always represented Italian excellence but now requires greater scale, investment capacity, and international reach,” said Emanuele Musini, CEO of RoastMaster Capital.
“Thanks to the support of our financial and strategic partner Harcos Capital Partners (HCP), we can accompany high-quality roasters on a shared growth path. We work alongside existing teams to strengthen brands and grow businesses, optimizing key processes — from procurement to logistics to financial control — while investing in technology and commercial development to accelerate international expansion. Our goal is to create industrial synergies in strategic areas such as green coffee, professional machines and distribution, providing roasters with the tools of large enterprises.”
Caffè Ottolina chose to join the project because it shares its vision: bringing together Italy’s coffee excellence to create a strong, international, and sustainable group.
The company today enjoys a robust financial position and steady growth (+20% compared to 2024) and sees in RMC an opportunity to strengthen its presence in foreign markets and contribute to the development of the group as a reference platform for the sector.
“We are proud and honored to be the first to join this project,” commented Remo Ottolina, President of Caffè Ottolina S.p.A. “We have worked closely with RoastMaster Capital to build an initiative aimed not only at the growth of our company — which we will continue to manage with the same attention to product and clients — but also at the development of the entire sector, which I have represented for many years within trade associations.
We will bring our experience into RMC to offer roasters who seize this opportunity a proven business model and new prospects for growth.”
The transaction was advised, for legal and corporate aspects, by Legance – Avvocati Associati for RoastMaster Capital, with the support of Studio Giovannelli e Associati for lead investor Harcos Capital Partners. Caffè Ottolina S.p.A. was advised on legal, tax, and negotiation matters by the Studio Legale Tributario team coordinated by Dr. Antonio Grasso.
About RoastMaster Capital
RoastMaster Capital is an investment platform based in Milan, created with the goal of consolidating the Italian coffee roasting sector through the acquisition and integration of leading companies in the Ho.Re.Ca. channel.
Led by Emanuele Musini as CEO and supported by Carlo Cocozza, responsible for financial structuring since the inception of the project, RMC combines industrial and financial expertise to enhance Italian brands and grow them internationally.
Italy’s coffee market, though among the most important in the world for quality and tradition, is today highly fragmented and undercapitalized. RMC was created to address this challenge by offering roasters development tools, access to capital, and expertise to successfully meet the new demands of innovation and internationalization.
About Caffè Ottolina
Caffè Ottolina S.p.A. is a historic Milanese coffee roaster founded in 1948 by Giulio Ottolina, now in its fourth generation. It is led by President Remo Ottolina, with the support of his sons Fabio and Stefano Ottolina, Managing Directors, and Davide Ottolina, Head of International Expansion.
The company serves over 800 Ho.Re.Ca. clients in Lombardy and collaborates with major Italian and international chains. In 2024, it recorded revenues of around €12 million and an EBITDA of approximately €2 million, confirming a steady growth trend not only in revenue but also in roasted coffee volumes.
About Harcos Capital Partners (HCP)
Harcos Capital Partners (HCP) is a holding company specialized in promoting club deals for investment in outstanding Italian companies. Through a network of financial partners and operational entrepreneurs, HCP supports projects of growth, internationalization, and sector consolidation, creating value for companies and their shareholders.
With a flexible approach and direct collaboration with management, HCP structures each investment on a tailor-made basis, supporting companies in strategic development, capital raising, and M&A operations. In just a few years, it has completed three club deal transactions in Italy — Fastener Holding, Green Alliance, and Filmedia Holding — aggregating over 40 partners and reaching a total value of over €60 million across its portfolio companies.
