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Trieste / New York / London (OTS) – In accordance with the agreement signed on November 21, 2020, illycaffè SpA today completed the sale of a 20% stake in illycaffè SpA, a leading global premium coffee brand based in Trieste, Italy , announced by Gruppo Illy to subsidiaries of Rhône Capital (together with its subsidiaries “Rhône”), a global private equity firm focused on investing in companies with a European, North American or transatlantic presence.
illycaffè chose Rhône as a strategic partner to lead the company into the next phase of international growth, especially in the USA. The partnership with Rhône is another important milestone in further strengthening the company and providing resources for the implementation of the company’s long-term plans, which could also include a possible future IPO.
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Evotec is a drug discovery and development company that drives approaches to the development of new pharmaceutical products through research alliances and development partnerships with pharmaceutical and biotechnology companies, academic institutions, patient organizations and venture capital companies.
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