DC Advisory advises Paragon Partners and TP Food Group on the sale of Logiudice Forni to Waico Group
Background
- Logiudice Forni S.r.l. is a leading player in the artisanal bakery equipment sector and has been manufacturing deck ovens, rotary ovens, and professional mixers for bakeries and pastry shops for over 60 years. Its production and commercial headquarters are exclusively located in Italy
- Logiudice Forni is part of the TP Food Group, a leading supplier of machines and production lines for food processing
- In October 2024, TP Food Group, including Logiudice Forni, was acquired by Paragon Partners, a leading private equity firm headquartered in Munich, Germany
- Waico Group is a leading Italian platform in the food equipment industry, active in the manufacturing of professional machines and ovens for the bakery, pizza and pastry spaces. Waico Group was created by Mindful Capital Partners (MCP) through the aggregation of five Italian companies (i.e. Vitella, Effedue, Starmix, Flamic and Italforni)
Process
- DC Advisory was engaged as exclusive financial advisor by Paragon Partners and TP Food Group to provide sell-side M&A advice on the sale of Logiudice Forni
- By leveraging its knowledge in the Industrials sector, with a specific focus on the machinery segment, DC Advisory provided comprehensive advice throughout the sale process including due diligence coordination, support in negotiations, and advice on transaction documentation
Outcome
- On 13 May 2026, Waico Group acquired Logiudice Forni
- This transaction demonstrates DC Advisory’s ongoing expertise in the Industrials sector and strengthens the firm’s track record in advising on Italian machinery transactions
“I would like to express my sincere gratitude to the DC Advisory team for their invaluable support throughout this transaction. DC Advisory has proven to be an outstanding partner, providing comprehensive and insightful advice that ensured a smooth and efficient sale process. We are absolutely delighted with the outcome achieved thanks to the team’s contribution.”
“We are delighted to have advised Paragon Partners on finalizing this significant transaction. Logiudice Forni is an excellent business that has gone from strength to strength. With this transaction, a new chapter full of potential begins, and we are excited to have contributed to its future success.”
- Industrials
- M&A Advisory
Disclaimer
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