{"id":1402,"date":"2024-11-27T15:29:00","date_gmt":"2024-11-27T14:29:00","guid":{"rendered":"https:\/\/www.progressiosgr.it\/progressio-sgr-completa-la-cessione-di-gelit\/"},"modified":"2025-12-02T12:39:30","modified_gmt":"2025-12-02T11:39:30","slug":"progressio-sgr-completes-the-sale-of-gelit","status":"publish","type":"post","link":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-the-sale-of-gelit\/","title":{"rendered":"Progressio SGR completes the sale of Gelit"},"content":{"rendered":"\n
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Milan, November 27th, 2024 \u2013 Today, Consilium and Progressio, on behalf of their funds Consilium Private Equity Fund III and Progressio Investimenti III, alongside MMM Srl, led by entrepreneur Massimo Menna, sold 100% of the shares in Gelit to Wealth Venture Fund SICAR.
\r\nGelit, acquired in 2019, is a company active in the frozen ready meals and crepes for the private label segment.<\/p>\n <\/div>\n \n

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Under the management of the funds and the leadership of CEO Stefano Mattioli, the company embarked on a growth journey supported by over 30 million euros of investments. These investments enhanced production capacity and pursued sustainability objectives, earning the company B Corp certification \u2014 the first in its category worldwide. Gelit consolidated its position in its target markets, establishing significant new partnerships, particularly in Italy and the United States. The company confirmed its innovative capabilities by developing new products that created entirely new segments in the frozen snacks market.<\/p>\n

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Nino Mascellaro, senior partner of Progressio<\/strong> stated: \u201cOur investment strategy found full expression in Gelit, an excellent player in its reference sector and a perfect combination of innovation, customer service capability, and production efficiency.\u201d<\/em><\/p>\n

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Paolo Santoro, partner of Consilium<\/strong> added: \u201cWe are proud to have supported Gelit\u2019s management in its international growth path, which has established the company as a leader in one of the most representative sectors of Italian excellence globally.\u201d<\/em><\/p>\n

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Deal team for Progressio was composed by Filippo Gaggini, Nino Mascellaro, and Simone Assanelli. Deal team for Consilium was composed by Roberto De Rossi, Paolo Santoro, and Guglielmo De Falco.<\/p>\n

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Consilium, Progressio, and MMM were advised by Saverio Rondelli of Lincoln International as financial advisor, lawyers Eliana Catalano and Francesca Ricceri from BonelliErede, BCG for business due diligence, EY for financial due diligence and Russo De Rosa Associati for tax due diligence.<\/p>\n <\/div>\n <\/div>\n \n

\n Press release<\/a>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n\n
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“Founded in 1977 and headquartered in Cisterna di Latina, Gelit is a leading player in its market and leverages on long lasting partnerships with major food retailers and foodservice operators.”<\/blockquote>\n \n <\/div>\n <\/div>\n <\/section>\n","protected":false},"excerpt":{"rendered":"

Consilium and Progressio sell their stake in Gelit to Wealth Venture Fund SICAR<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-1402","post","type-post","status-publish","format-standard","hentry","category-press"],"acf":[],"yoast_head":"\nProgressio SGR completes the sale of Gelit | Progressio SGR<\/title>\n<meta name=\"description\" content=\"Read \u201cProgressio SGR completes the sale of Gelit\u201d and stay up to date on the latest developments at Progressio SGR\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.progressiosgr.it\/en\/news\/progressio-sgr-completes-the-sale-of-gelit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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