MILAN - eTradeWire -- The transaction, with CDI Global Italy as financial advisor to Gel.Bi., allows for the development of important synergies in the Italian and European market of bases and semi-finished products for ice cream, thanks to the union of two important companies in the sector.

PNP di Peluso Srl, an Italian company founded in 1990 in Riva del Garda (TN), leader in the production and distribution of bases and semi-finished products for Italian artisanal ice cream, has acquired 100% of Gel.Bi. Srl, an Italian company from Sandigliano (BI) that has been active in the production and distribution of bases and semi-finished products for Italian artisanal ice cream for over 30 years.

The founding members of Gel.Bi., assisted by CDI Global Italy as financial advisor, have decided to sell the company to a solid industrial partner that allows the company to continue the path of consolidation and commercial growth undertaken in recent years both in Italy and abroad and to exploit production and commercial synergies.

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Gabriele Coccini, Partner of CDI Global Italy, comments: "We are truly satisfied with this deal, which we are certain will prove to be of mutual benefit for two historic companies in the Italian market of food ingredients, a growth segment in the international markets; it is always important to seek out concentration opportunities that allow to find valuable synergies and approach the market in a more competitive manner".

In the transaction, CDI Global Italy acted as financial advisor to Gel.Bi. with a team led by the Partner Gabriele Coccini. In the activities to finalize the contract, Gel.Bi. was assisted by Avv. Debora Urro of the Bozzalla & Urro Law Firm and by Dr. Piero Sidro, and PNP by Dr. Giacomo Verbena.

About CDI

CDI Global Italy is a Financial Advisor, member of the CDI Global international network, present with over 40 offices around the world, specialized in M&A middle-market transactions, with a strong cross-border vocation.

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CDI Global Italy supports clients in corporate finance transactions, both sell side and buy side, with corporate counterparties and private equity funds, both national and international; provides strategic and financial advisory on mergers and acquisitions, fundraising, divestments and joint ventures, debt advisory, IPOs, valuation and restructuring plans.

The strength of CDI Global Italy is the solid experience of its Partners, professionals with long experience and expertise in corporate finance in all the most important sectors in which client companies operate. For more information, please visit www.cdiglobal.com