Ethica Group, through its M&A and Debt Advisory teams, assisted Nextalia SGR S.p.A., a leading Italian platform for private market investments promoted by Francesco Canzonieri, in finalizing the acquisition – via the Nextalia Capitale Rilancio fund – of Flo S.p.A., a prominent Italian group specializing in food packaging, holding leadership positions at the European level in specific segments and offering access to innovative and sustainable technologies.
The transaction involves Nextalia acquiring a minority stake, while the Simonazzi family will retain the majority share, confirming a long-term partnership and prospects for further consolidation.
Founded in 1973 and led by the Simonazzi family, Flo has pursued a growth trajectory that today enables it to serve over 2,600 clients, with approximately 680 employees and five production plants (three in Italy, one in France, and one in the United Kingdom), reaching €180 million in revenues in 2024. Flo is now recognized as an international player in the production of food containers made from plastic, bioplastic, paper, and premium sustainable materials (including AlphaⓇ, a line made with paper and QwarzoⓇ).
In the context of the transaction, Nextalia was assisted by Ethica Group – specifically by Filippo Salvetti from the M&A Advisory team for financial matters and Giorgio Raimondi from the Debt Advisory team, for all aspects related to acquisition financing.
