Clessidra Private Equity has completed its first Green Harvest fund investment with the acquisition of a 70% stake in Laurieri, an Italian bakery company known for its sweet and savoury products.

The Laurieri family will retain a 30% shareholding as the business prepares for its next phase of growth.

Founded in 1976 in Matera, Laurieri generates about €20m in annual revenue, with more than 90% coming from international markets. The company produces a wide range of snacks serving mainstream retail, travel retail, and specialist dietary categories including Halal, Kosher, vegan, and gluten-free. It operates four production lines with a daily capacity of around 45 tonnes and opened a second plant for gluten-free manufacturing in 2024.

Andrea Ottaviano, CEO of Clessidra Private Equity, said: “We are proud to announce the first investment of the Green Harvest fund, which represents a tangible step forward in Clessidra’s strategy to promote Italian excellence in the agrifood sector.”

Emanuele Cuccio, Managing Director who led the transaction, added: “With our support, we intend to accelerate Laurieri’s growth by expanding production capacity, strengthening product innovation, and further enhancing its international footprint, while maintaining the highest focus on ESG principles across the entire supply chain.”

The transaction was supported by Banca Ifis as M&A advisor, Bain & Co for business due diligence, Advant-NCTM for legal matters, E&Y for financial and operational due diligence, and ERM for ESG advisory. Financing was provided by a consortium of banks including Banco BPM, Banca Ifis, Cassa Centrale Banca, and Banca dell’Alta Murgia.

The Green Harvest fund, launched in July 2025, focuses on sustainable growth in Italian agrifood SMEs.

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