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Riverside Company scoops Italian ice cream deal with Mec3 investment

28 Feb 2014

R&R ice creamGlobal private equity firm The Riverside Company has picked up Italian ice cream maker Mec3.

The company has annual revenues of about €100m and serves more than 60,000 customers across the globe.

Riverside partner Karsten Langer said, “Iced desserts and snacks, particularly high-quality artisanal options like gelato, are becoming increasingly popular globally, and Mec3 is uniquely positioned to capture this global market.”

The firm said that although the Italian economy had proved very challenging since the financial crisis Riverside had strategically invested in the country to capture opportunities.

It said its approach was nicely illustrated by its recent realization of Italian swimwear brand Arena Group which it helped to expand despite struggles in its home market.

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