Rhone Capital to buy a 20% stake in Italian iconic coffee maker illycaffé

Rhone Capital made it at the end and managed to win the trust of the Illy family, acquiring a minority stake, it is said about 20%, in illycaffé spa, the operating company of the coffee producer group. The news, announced on Saturday 21 November by Il Sole 24 Ore, was confirmed with a note released the same day by the well-known coffee producer group (see the press release here). Illycaffé is controlled by Gruppo Illy spa, which in turn leads to various members of the Illy family. The completion of the transaction is expected by the end of the first quarter of 2021. illycaffè was assisted in the transaction by Goldman Sachs International, Studio Sabelli Benazzo and by Studio Gattai, Minoli, Agostinelli and Partners. Rhône was advised