Cassiopea Partners advises Grandi Stazioni Retail S.p.A.

on the acquisition of Retail Group S.p.A.

Cassiopea Partners is pleased to announce that acted as exclusive financial advisor to Grandi Stazioni Retail S.p.A. (“Grandi Stazioni Retail”) for the acquisition of 100% of the share capital of Retail Group S.p.A. (“Retail Group”), an exclusive operator in the travel retail market with a consolidated presence in the most relevant Italian railway stations (among which Milano Centrale, Roma Termini and Firenze Santa Maria Novella).

Retail Group is a leading player in the promotion and sales of goods and services thanks to its temporary and permanent stores. Retail Group offers a complete set of services, from logistic to sales force, collaborating with high standing commercial partners such as Nike, Mango, Unilever, Philip Morris and Moleskine.

Grandi Stazioni Retail, controlled by a consortium formed by Antin Infrastructure Partners, ICAMAP and Borletti Group, operates long-term concessions providing exclusive rights to the commercial leasing and advertising spaces of the 14 largest Italian railway stations.

Thanks to this acquisition, Grandi Stazioni Retail expects to achieve significant synergies in terms of diversification and improvement of the business, enhancing the value of the brand by growing and completing its offer.

“We are really satisfied of having finalized the acquisition of Retail Group, which becomes from today a strategic asset of our development plan” comments Alberto Baldan, CEO of Grandi Stazioni Retail.


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