Milan, October 29th, 2024 – Orienta Capital Partners, firm specialized in investments in high-growth potential SMEs, has completed the sale of Virosac and Rapid, through the sale of the entire stakes in Romagnasac holding, to the SPHERE Group, European leader in household packaging. Virosac, founded in 1973, is now one of the leading players in the household packaging market. The company offers a range of eco-friendly and innovative bioplastic products for G.D.O. and professional use, including biodegradable and compostable bags for waste disposal and frozen food containment.
Rapid, also part of the group, holds a strong position in the market for aluminum food rolls, baking paper and cling films, as well as aluminum trays. In 2023 both companies generated over 60 million euros in aggregate sales and currently employ around 150 people. Orienta Capital Partners acquired Virosac in October 2019 and Rapid in June 2021, consolidating them into a unified industrial group. Under Orienta’s management, both companies have benefited from significant strategic and managerial momentum, and, thanks to its support, expanded their offerings and distribution channels. Virosac and Rapid have indeed consolidated their position in the great-organized distribution sector (G.D.O.) and strengthened their presence in the in HoRecA
channels, developing innovative performance control tools and new commercial strategies. This has positioned the industrial group as one of the leading players in Italy and Europe in the home care sector.
Orienta Capital Partners is an investments firm that, with vision and entrepreneurial approach, supports target companies during key moments in their life cycle, bringing deep industrial and financial experience. The management approach focused on industrial and commercial synergies implemented during the holding period has allowed the Virosac-Rapid group to significantly grow and develop its turnover. Today, the consolidated revenue stands at approximately 65 million euros (up from 35 million euros at the time of acquisition), reflecting an 86% increase, while the EBITDA of 5 million euros has risen by 80%, now standing at around 9 million euros.
The operation allows the SPHERE Group, in the Italian market for over 20 years, operating with its subsidiaries COMSET, FLEXOPACK and ICO, to further strengthen its position in the domestic market, securing its industrial and commercial base in a key market for future expansion. Mario Gardini, Partner of Orienta Capital Partners, comments: ” We have been extremely pleased to support the growth and development of Virosac and Rapid in the last five years, making them a unique leading industrial player in the Italian market. We are delighted to sell Virosac and Rapid to SPHERE
Group. Given the experience of this multinational industrial group, leader in the sector, this is the best
guarantee for the future and development of the group companies”.
The transaction was led by Mario Gardini as Partner of Orienta Capital Partners and Gianluca Gatta
as Investment Manager of Orienta Capital Partners.
The following acted as Advisors in the transaction:
• CP Advisors – Financial advisor
• Gitti and Partners Law Firm – Legal Vendor Due Diligence and legal assistance
• Bernoni Grant Thornton – Tax Vendor Due Diligence and tax advisory
• Di Tanno e Associati Tax Firm – Tax advisory
• KPMG – Financial Vendor Due Diligence
