BC Partners to acquire Italian frozen patisserie maker Bindi

International investment firm BC Partners has signed an agreement to acquire Italian frozen patisserie (pastry) products maker Pasticceria Bindi (Bindi).

The financial terms of the acquisition were not divulged.

Founded in 1934, Bindi’s offerings include a variety of desserts, bakery products and ice creams. The company clientele primarily includes restaurants, hotels and bars.

Besides its local market, Bindi caters to around 40 international markets, including the US.

Last year, the company generated revenues of more than €140m.

BC Partners partner Stefano Ferraresi said: “Bindi is a long-established leader in the attractive Italian frozen patisserie market with an incredibly valuable brand, unique in its market, and loyal client base.

“The company has also developed a strong international business, reflecting its high-quality offering and strong distribution network, especially in the US.

“We believe there is growth potential coming from strengthening the relationship with distributors in Italy and abroad and from the international development of the brand.”

Following the completed acquisition, BC Partners will support Bindi’s growth plans, which include expanding product offerings and boosting international sales. It will also support strategic acquisitions to enhance Bindi’s position in the patisserie market.

Bindi CEO Attilio Bindi said: “Bindi, with its strong Italian roots, has found in BC Partners the ideal partner to ensure continuity and further growth for one of the strongest food brands in Italy, as well as supporting its international expansion.”

In a non-executive role, Attilio Bindi will continue to support the company’s international growth.

The completion of the acquisition is subject to customary closing conditions.