CLESSIDRA GREEN HARVEST ACQUIRES MAJORITY OF LAURIERI

Clessidra Private Equity SGR (“Clessidra PE”) - the Private Equity company part of the Clessidra Group , one of the leading alternative investment operators in Italy - announces the first investment of the Clessidra Capital Partners Green Harvest fund, with the acquisition of 70% of the capital of Laurieri Srl , an Italian excellence in the production of sweet and savoury baked goods.

The Laurieri family maintains a 30% stake , reinvesting alongside Clessidra to support the company's new development phase.
Founded in Matera in 1976, Laurieri is recognized for the artisanal quality of its recipes and for a production approach based on the simplicity and wholesomeness of the ingredients and transparency towards the consumer .

The company—which currently generates a turnover of approximately €20 million (over 90% of which is generated abroad) and an EBITDA of over €5 million, with four production lines with a daily capacity of approximately 45 tons—has progressively expanded its presence in large-scale retail trade worldwide over the years, reaching numerous international chains and the travel channel with leading airlines.

Laurieri's product range combines tradition and industrial expertise , with iconic products and a vast assortment of sweet and savory snacks , meeting the needs of consumers in the Halal and Kosher markets, as well as those with food intolerances, for health purposes, and generally also suitable for vegans (accompanied by all the necessary international certifications). To meet the needs of an ever-increasing number of consumers, in 2024 Laurieri opened a second plant for certified gluten-free production only .

The acquisition of the majority stake in Laurieri is perfectly consistent with the strategy of the Clessidra Capital Partners Green Harvest fund, launched in July 2025 and dedicated to Italian agri-food SMEs , with the aim of promoting sustainable and competitive business models .

"We are proud to announce the first investment from the Green Harvest fund , which represents a concrete step in Clessidra's strategy to promote Italian agri-food excellence ," commented Andrea Ottaviano , CEO of Clessidra Private Equity SGR. "Laurieri perfectly embodies the values of quality, innovation, and sustainability that characterize our investment vision , and we are delighted to accompany it on a new growth path."

"Laurieri combines a strong brand identity, a quality supply chain, and solid entrepreneurial management," adds Emanuele Cuccio , Managing Director of Clessidra PE, who led the operation. "With our entry, we intend to accelerate Laurieri's growth by expanding production capacity , strengthening product innovation , and further developing internationally , while maintaining the utmost attention to ESG criteria throughout the entire supply chain."

" Clessidra 's entry represents important recognition for the work we've done over the years ," continues Franco Laurieri , founder of Laurieri. "I chose to reinvest, along with my son Gianni Laurieri, because I share the company's vision of growth and the desire to maintain strong roots in the local area, continuing to offer quality products that combine tradition and innovation."

"My joining Laurieri," concludes Gianni Laurieri, "is intended to continue the path our family has followed over the years and to continue innovating and pursuing growth together with our new partner Clessidra."

The Clessidra team, led by Managing Director Emanuele Cuccio , involved Veronica Tognoli , Vice President, Vittorio Basei , Associate, and Niccolò Battisti , Analyst.

In the transaction, Clessidra was assisted by Banca Ifis as M&A advisor, by Bain & Co and Stefano Zancan for business due diligence, by Advant-NCTM for legal aspects, by E&Y for financial and operations, by Studio Alonzo Committeri & Partners for tax aspects, by Vendor for subsidized financing aspects, by ERM for ESG aspects, and by AON for insurance aspects.

The Laurieri family was assisted by Symul Finance and GU Capital as M&A advisors, by Eustachio Walter Paolicelli and SVS Lex StA Benefit for legal matters, and by Studio Petrigliano for tax matters.

The transaction was financed by a pool of banks consisting of Banco BPM Spa, Banca Ifis Spa (which also acted as Agent Bank), Cassa Centrale Banca – Credito Cooperativo Italiano SpA, and Banca dell'Alta Murgia Credito Cooperativo Soc. Coop.