Arcadia SGR realized the fourth investment of the Arcadia Small Cap II Private Equity Fund acquiring 100% stake in Starlaks Italia from the founding partners Andrea Balbo, Alex Brustia and Gaudenzio Brustia.
Based in Borgolavezzaro (Novara), Starlaks is a leading Italian player in the salmon processing, smoking and packaging industry. The company offers high quality salmon both under its own brands (Starlaks and Aquafood) and private labels, selling its products mainly to national large supermarket chains, while the Ho.Re.Ca. and Cash & Carry channels are served marginally.
As of 30 June 2020 (closing date of the last financial year), the company recorded net revenues equal to €16.1 million (CAGR 2017-2020 +13.8%).
Starlaks is well recognized by its clients for the high level of service provided. The company also boasts relevant international certifications (MSC, IFS Food, ASC and Bio), which ensure the origin of products from fishing areas compliant with sustainability criteria, the traceability of fish products along the entire processing chain up to the final distributor, breeding and production methods that respect animals and the environment, treatment of products without artificial flavors, GMOs and dyes.
The project aims to improve the growth of Starlaks both organically and through the aggregation of other players active in the fishing industry.
Banca Euromobiliare acted as exclusive financial advisor to Starlaks Italia.