Crowdfunding
Compagnia del Cuoppo, After a Round on CrowdFundMe, Invests in Pasta Bar CentoGradi
Compagnia del Cuoppo, owned by Giorgio and Andrea Sangiovanni, is expanding its Neapolitan street food brand with the acquisition of CentoGradi Pasta Bar, known for fresh, quick-cooking pasta. Backed by investors like Essential Alpha and Remolino 546, the company plans to grow in fast casual dining. CentoGradi’s founders now hold minority shares in Cuoppo.
Just four months after the successful conclusion of the second round of equity crowdfunding carried out through CrowdFundMe, La Compagnia del Cuoppo HdP has acquired control of CentoGradi Pasta Bar, a concept born in 2021 from the idea of the very young founders Lorenzo Fasano and Gaia Coppola .
The second crowdfunding campaign had raised 347,000 euros thanks to 65 investors, while the first, closed in November 2021, had raised 507,000 from 108 investors, as reported by the Crowdfundme platform.
The closing of the transaction took place on October 31st, thus allowing the company to close 2024 with a doubling of its restaurants.
Compagnia del Cuoppo: A chain of Neapolitan street-food and a diversified food experience
Compagnia del Cuoppo, a holding company, owns the brand “ Il Cuoppo friggitori napoletani,” created by brothers Giorgio and Andrea Sangiovanni.
Winner of Food Advisor and included by Gambero Rosso among the excellences of Italian street food, the company is also owned by SICAV ESSENTIAL ALPHA plc, of the Gamma Capital Group, and by REMOLINO 546 , a holding company controlled by Emanuele Anchisi and Maria di Sangiuliano, granddaughter of Salvatore Ferragamo.
The vision of La Compagnia del Cuoppo is to develop chain-based catering projects mainly linked to Neapolitan street food , underlines Andrea Sangiovanni , Chief Operating Officer, with the aim of allowing customers to experience unique moments through a diversified and innovative food experience.
According to CFO Giorgio Sangiovanni , the restaurant sector has transformed rapidly in recent years and one of the most interesting (and increasingly growing) trends is Fast Casual Dining.
This is a perfect formula for the city and metropolitan environment because it is capable of reconciling the need for speed in everyday life with a quality culinary experience.
The Acquisition of CentoGradi Pasta Bar
The acquisition of the majority of CentoGradi Pasta bar fits into this perspective and logic, and its roots, philosophy and approach fit well with our project and our planned development objectives.
“ At CentoGradi the pasta is fresh and strictly home-made, it cooks in just 40 seconds and maintains all its characteristics of flavour, consistency and freshness for thirty minutes ” says Lorenzo Fasano .
And Gaia Coppola underlines “ CentoGradi is the scents and flavours of home, it is the union of the first courses of Italian cuisine with particular attention to Neapolitan recipes and the take-away tradition of Polynesian fishermen, the well-known bowls ”.
The cap table of La Compagnia del Cuoppo
The entry of institutional investors, such as Essential Alpha Sicav and Remolino 546 holding , into the capital of La Compagnia del Cuoppo HdP was achieved through the use of a Special Purpose Vehicle chaired by Alex Ricchebuono, a well-known name in the world of asset management, former head of Janus Capital, founding member of the Italian Private Banking Association and Vice President of the parent company.
The partners of CentoGradi, the Coppola and Fasano families, who retain 20% of the company, simultaneously acquire a minority share of the share capital of La Compagnia del Cuoppo Holding di Partecipazioni.
The new Board of Directors of CentoGradi Pasta bar has appointed Andrea Sangiovanni as president, and Gaia Coppola and Lorenzo Fasano as directors, while Dr. Elia Coppola and Attorney Paolo Iannone have joined the Board of Directors of La Compagnia del Cuoppo Holding di Partecipazioni, led by Prof. Antonio Saggese.
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(Featured image by Pexels via Pixabay)
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