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FINANCE | Investment Firms & Funds
rhonegroup.com

Investments

8

Funds

8

Service Providers

2

About Rhone Capital

Rhone Capital is a private equity and global asset management firm with a focus on investments in market leading businesses with a pan-European or transatlantic presence and expansion prospects. Rhone has offices in London and New York and holds investments in a diversified portfolio of companies, including investments in the business services, chemicals, consumer products, industrial products, food, packaging, specialty materials, and transportation sectors.

Headquarters Location

630 Fifth Avenue, Suite 3110

New York, New York, 10111,

United States

212-218-6700

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Latest Rhone Capital News

Italy’s Illycaffe aims to make a bigger splash in the U.S. market, CEO says

Mar 30, 2023

Author of the article: Article content MILAN — Italian premium coffee maker Illycaffè, which reported a 16% increase in operating profit last year despite cost inflation, aims to expand in the United States, already its second biggest market after Italy. We apologize, but this video has failed to load. Try refreshing your browser, or Italy's Illycaffe aims to make a bigger splash in the U.S. market, CEO says Back to video “We want to grow further, with another double digit increase,” Chief Executive Cristina Scocchia told Reuters. North America already accounts for one fifth of the Italian group’s revenues and reported a 27% increase in sales last year. Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. Email Address Sign Up By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Financial Post Top Stories will soon be in your inbox. We encountered an issue signing you up. Please try again Article content “We want to accelerate the investments to increase the brand awareness, make distribution more widespread and reach more consumers,” Scocchia said in a telephone interview. Advertisement 2 THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on Enjoy insights and behind-the-scenes analysis from our award-winning journalists Support local journalists and the next generation of journalists Daily puzzles including the New York Times Crossword SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on Enjoy insights and behind-the-scenes analysis from our award-winning journalists Support local journalists and the next generation of journalists Daily puzzles including the New York Times Crossword REGISTER TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Article content The growth in North America is expected to be organic but Scocchia did not rule out an acquisition should an opportunity arise. She added the company was also looking at growing in the Chinese market, where at the moment it sells its products mainly online. The Illycaffe CEO confirmed that the family-owned group still planned to go public by 2026. The Illy family sold a 20% stake in the business to private equity firm Rhone Capital in 2021. Scocchia, who in the past worked as CEO of cosmetic company Kiko and head of L’Oreal Italy, was named Illycaffe’s chief executive at the beginning of 2022 with a mandate to take the company public. Illycaffè reported a 14% increase in revenues to 568 million euros ($615 million) last year. Operating profit grew to 71.4 million euros, despite a 43 million euro increase in costs, mainly linked to increased prices for raw coffee beans, energy and logistics. Advertisement 3 Article content Illycaffe increased prices last year by around 3% and another 3% increase is planned for 2023 to partially offset the higher costs. “Inflation weighed on the shopping cart, led families to reduce purchases of premium price products, but we still closed the year with the highest result in the last 10 years,” Scocchia said. Scocchia expects an increase in revenues and profitability this year, but the sales growth could be slower compared to last year. The group plans 270 million euro in investments by 2026, with 120 million euros earmarked to enlarge its plant in Trieste in northeast Italy which will double its production capacity. ($1 = 0.9228 euros) (Editing by Keith Weir and Chizu Nomiyama)

Rhone Capital Investments

8 Investments

Rhone Capital has made 8 investments. Their latest investment was in Wahoo Fitness as part of their Private Equity - II on July 7, 2021.

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Rhone Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/7/2021

Private Equity - II

Wahoo Fitness

Yes

2

11/23/2020

Private Equity

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10

8/2/2018

Private Equity

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10

10/25/2017

PIPE

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$99M

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10

8/23/2017

Private Equity

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10

Date

7/7/2021

11/23/2020

8/2/2018

10/25/2017

8/23/2017

Round

Private Equity - II

Private Equity

Private Equity

PIPE

Private Equity

Company

Wahoo Fitness

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Amount

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

Rhone Capital Acquisitions

16 Acquisitions

Rhone Capital acquired 16 companies. Their latest acquisition was Paragon Films on November 11, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/11/2021

$99M

Acq - Fin - III

1

6/30/2020

Series E+

$99M

$144.46M

Acq - Fin

1

6/30/2020

$99M

Acq - Fin

8

4/7/2020

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$99M

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10

2/26/2019

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$99M

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10

Date

11/11/2021

6/30/2020

6/30/2020

4/7/2020

2/26/2019

Investment Stage

Series E+

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$144.46M

Note

Acq - Fin - III

Acq - Fin

Acq - Fin

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Sources

1

1

8

10

10

Rhone Capital Fund History

8 Fund Histories

Rhone Capital has 8 funds, including Rhone Partners VI.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/9/2022

Rhone Partners VI

$2,400M

1

6/30/2015

Rhone Partners V

$99M

10

6/30/2012

Rhone Partners IV

$99M

10

7/1/2006

Rhone Partners III

$99M

10

9/30/2003

Rhone Offshore Partners II

$99M

10

Closing Date

3/9/2022

6/30/2015

6/30/2012

7/1/2006

9/30/2003

Fund

Rhone Partners VI

Rhone Partners V

Rhone Partners IV

Rhone Partners III

Rhone Offshore Partners II

Fund Type

Status

Amount

$2,400M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Rhone Capital Service Providers

2 Service Providers

Rhone Capital has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Private Equity

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Private Equity

Provider Type

Investment Bank

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Service Type

Financial Advisor

Partnership data by VentureSource

Rhone Capital Team

5 Team Members

Rhone Capital has 5 team members, including current Founder, Managing Director, Steven M. Langman.

Name

Work History

Title

Status

Steven M. Langman

Founder, Managing Director

Current

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Name

Steven M. Langman

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Work History

Title

Founder, Managing Director

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Status

Current

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