Taste of Italy 2, a private equity fund specialized in the agri-food sector managed by DeA Capital Alternative Funds SGR, and Alcedo V, a private equity fund managed by Alcedo SGR, have jointly acquired 100% of Demetra S.p.A. with the aim of creating a leading pole in the sector.

Demetra will be held, through the parent company Persefone S.r.l., by Taste of Italy 2 and Alcedo V with 50% each and the two funds will share equal governance.

Last week Alcedo, shareholder of Demetra which operates with the Agrimaster and Breviagri brands, bought 100% of the capital of the Danish company Dalbo.

This acquisition creates a Group with a turnover of over € 60 million which qualifies it as one of the main players in the green maintenance sector (Agrimaster) and in secondary soil processing and seedbed preparation (Breviagri and Dalbo) with a significant commercial presence in all European countries and in some continents.