Clessidra Private Equity acquires 70% of Italian bakery group Laurieri
The partnership sets the stage for Laurieri to become a global ambassador of Italian baked goods while advancing sustainability goals.
ITALY – Clessidra Private Equity, part of the Clessidra Group, announced the acquisition of a 70% stake in Laurieri S.r.l., a renowned Italian bakery specializing in sweet and savory baked goods such as cantucci biscuits and taralli crackers.
The Laurieri family retains a 30% stake and reinvests alongside Clessidra to fuel the company’s next growth phase, with annual revenues around €20 million (US$23.24M), over 90% of which come from international markets.
Launched in July 2025, the Green Harvest fund targets Italian agrifood SMEs to promote sustainable, competitive business models, aligning perfectly with Laurieri’s emphasis on quality, sweet-and-savory baked goods made with wholesome ingredients.
Founded in Matera in 1976, Laurieri has built a strong reputation for producing high-quality, traditional Italian snacks, distributed both domestically and internationally.
Clessidra aims to accelerate expansion by increasing production capacity, enhancing product innovation, and deepening international penetration, while prioritizing ESG principles across the supply chain.
CEO Andrea Ottaviano described Laurieri as embodying quality, innovation, and sustainability core to Clessidra’s vision, positioning it as a key step in championing Italian agrifood excellence.
Managing Director Emanuele Cuccio, who led the deal, highlighted the company’s strong brand identity, high-quality supply chain, and solid management, underscoring its commitment to ESG-focused growth.
The operation involved a consortium of advisors: Clessidra was supported by Banca Ifis as M&A advisor, Bain & Company for business due diligence, Advant-NCTM for legal, EY for financial and operational due diligence, ERM for ESG, and AON.
The Laurieri family engaged Symul Finance, GU Capital, SVS Lex S.t.A. Benefit, and Studio Petrigliano, with financing from Banco BPM, Banca Ifis, Cassa Centrale Banca, and Banca dell’Alta Murgia.
This acquisition signals rising private equity interest in Italy’s bakery sector, blending heritage craftsmanship with modern scalability to meet global demand for premium, sustainable baked products.
For Laurieri, the deal provides access to capital and expertise that will help scale operations, expand distribution networks, and invest in new product development.
The company is expected to leverage Clessidra’s resources to strengthen its position in international markets, particularly in Europe and North America, where demand for premium Italian snacks is growing.
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