Founded in Ortona (Abruzzo) in 1994 by a group of wine entrepreneurs led by Valentino Sciotti and Filippo Baccalaro, Farnese is a leading Italian boutique winery, producing and distributing high-quality wines from six Southern and Central Italian regions to more than 80 countries worldwide through importers and distributors.
The Company generates 97% of revenues outside of Italy. Its main markets are Germany, Switzerland, Canada, the Netherlands, Belgium and Japan. Farnese sells both to the on-trade (restaurants, wine bars, hotels) and the off-trade (retail chains) channels.
Farnese posted 2019 revenues of over Euro 76 million, 97% of which generated by export and an EBITDA margin of around 23%.
UniCredit Group has provided finance to support this acquisition.
The deal, which represents Platinum Equity’s second investment in Italy, allows the business to further grow organically and through prospective acquisitions.