CLESSIDRA CAPITAL CREDIT ACQUIRES CONTROL OF THE "SAPORE DI MARE" CHAIN

Clessidra Capital Credit SGR SpA announces that it has completed, on behalf of the funds it manages, the acquisition of a majority stake in DIMAR. Srl , an Italian company specializing in the retail distribution of frozen products, primarily fish , under the “ Sapore di Mare ” brand.

Through a structured finance transaction aimed at relaunching the Company , Clessidra Capital Credit has provided new financial resources , aimed at repaying existing debt and directly strengthening the capital structure . Clessidra will also provide the Company with managerial and industrial expertise, with the aim of supporting its operations and future development , enhancing the "Sapore di Mare" brand.

Founded in the Marche region in the early 1990s, DIMAR. is today one of the leading Italian platforms in the specialized distribution of frozen fish products .

Under the "Sapore di Mare" brand, the company operates a network of approximately 90 stores throughout Italy, as well as a major production facility in the Marche region. With a turnover of approximately €75 million in 2025 , the brand enjoys strong recognition among Italian consumers and stands out for its quality, innovation, specialization, and breadth of offerings.

Mario Fera, CEO of Clessidra Capital Credit, commented :

Sapore di Mare is a distinctive brand in the Italian retail landscape, with a solid history, a widespread presence throughout the region, and significant development potential . Our intervention aims to support DIMAR in its relaunch phase , strengthening its capital and financial structure and providing managerial skills, resources, and a strategic vision geared toward creating sustainable long-term value.

This operation confirms Clessidra Capital Credit's approach to corporate relaunch situations: intervening to support Italian companies with important industrial fundamentals, recognized brands and growth prospects, contributing to their stabilization and development .”

About Hourglass

Clessidra Capital Credit is the Clessidra group's asset management company that manages special situations and corporate credit funds.

With a track record spanning over twenty years, it is one of Italy's leading alternative investment providers, providing SMEs with financial resources, expert expertise, and experience in ESG integration, meeting the broad demand for diversified products and services from leading domestic and international institutional investors. To date, the Group has invested over €2.4 billion in capital and, separately, has deployed over €1.5 billion in private credit and factoring. Founded in 2003 as an asset management company operating in Italian private equity, Clessidra Group quickly became one of the leading players in the Italian market. In 2016, it was acquired by Italmobiliare SpA, an investment holding company listed on the Milan Stock Exchange. In 2019, it launched a diversification strategy that has progressively expanded the company's activities beyond the traditional private equity sector. Clessidra Group is now an independent platform active in alternative investments, asset management, and factoring, offering a wide range of products and services for institutional investors and Italian medium-sized businesses. The Group operates through three companies: Clessidra Private Equity SGR, Clessidra Capital Credit SGR, and Clessidra Factoring, which specialize in private equity, distressed and performing loans, and factoring, respectively.