BC Partners, CVC set sights on Italian coffee firm Segafredo Zanetti as fund owner weighs sale, sources say

Lazard Inc

Lazard Inc

LAZ

0.00

By Elvira Pollina

- BC Partners and CVC are among buyout firms considering a potential bid for Italian coffee producer Segafredo Zanetti, as private equity fund QuattroR weighs the sale of its majority stake in the company, two sources close to the matter said.

Bain Capital and Capvest are also studying a possible investment, one of the sources told Reuters.

QuattroR is working with Lazard as an adviser, the source added.

QuattroR, which first invested in Segafredo Zanetti in April 2024, holds a stake of more than 70% in the group founded in the 1960s by Italy's Zanetti family.

The company, which owns brands such as Segafredo, Boncafe and Chock full of Nuts, went public in 2015, but the share price struggled in the following years amid negative industry trends.

The founding family in 2020 launched a buyout to delist the group after the COVID-19 pandemic further hammered the share price.

Segafredo Zanetti expects revenue to exceed €1 billion this year with earnings before interest, tax, depreciation and amortisation (EBITDA) of around €120 million, the first source said.

No formal expressions of interest have been submitted so far, the two people said, cautioning that a sale process would be complex and a deal may not materialise.

QuattroR, BC Partners and CVC all declined to comment. Bain Capital and Capvest were not immediately available to comment.