Capdesia Group Limited and Made in Italy Fund II, managed by Quadrivio Group Italy S.r.l., signed a binding agreement to acquire Alice Pizza S.p.A. from Idea Taste of Italy Fund, managed by Green Arrow Capital.

Capdesia Group Limited and Made in Italy Fund II, managed by Quadrivio Group Italy S.r.l., signed a binding agreement to acquire Alice Pizza S.p.A. from Idea Taste of Italy Fund, managed by Green Arrow Capital on June 25, 2026. The acquisition was financed by a pool of banks, including BPER, IFIS, Sella and UniCredit. 

The expected completion of the transaction is September 1, 2026 to September 10, 2026. 

Quadrivio & Pambianco and Capdesia were assisted by Chiomenti and Winston & Strawn for legal aspects and by Spayne Lindsay as M&A advisor with a team composed of Patrizio Finicelli and Stefano Vizioli. 

Green Arrow Capital was assisted by Houlihan Lokey as financial advisor on the transaction with a team composed of Tommaso Lillo, Alessandro Pallotta, Alessandro Libonati, and Matteo Rombolott, by PedersoliGattai for legal aspects, and by PwC, which carried out vendor due diligence activities coordinated by partner Emanuela Pettenò. The financial due diligence activity was managed by Maria Teresa Ceglia and Maria Elena Amantia, with the support of Francesco Terenzi, Luca Gaddoni, and Francesco Di Carlo for data analytics activities. The tax due diligence was conducted by a team led by partner Francesco Nuzzolo and director Pietro Bertolotti. The HR & Labour due diligence activities were followed by partner Marzio Scaglioni and director Ivan Arrotta.