(Finance) – Smart Capitalan industrial holding company with permanent capital specialized in Private Equity investments and Private Investments in Public Equity, has subscribed to convertible participatory financial instruments issued by L’Orto di Jack (ODJ), an innovative SME operating in the fruit and vegetable marketing sector, which presents itself as the main aggregator and innovator in the fragmented Italian fruit and vegetable panorama.
As part of the agreement, Smart4Orto, a company controlled by Smart Capital, specifically established for the operation and participated by important Italian and foreign familiessubscribed to the Convertible Financial Instruments of L’Orto di Jack with a total investment of 4 million euroswith the aim of supporting the ODJ Group in the implementation of an ambitious growth plan both organically and through some targeted acquisitions, with the aim of becoming the market leader in Italy in its segment.
The signed agreement also provides: governance rights in favor of Smart4Orto, including the entry of Andrea Faraggiana, Managing Partner and General Director of Smart Capital, into the Board of Directors of L’Orto di Jack.
“We are particularly happy to announce this important investment in L’Orto di Jack, an Italian company with characteristics of uniqueness and absolute excellence, also thanks to the presence of a top-level management team – he commented Andrea Costantini and Andrea FaraggianaCo-Managing Partner of Smart Capital – ODJ’s technological innovation, with a proprietary platform specific for fruit and vegetables and advanced data management and automation solutions, represent an important competitive advantage for a player operating in an extremely traditional market and fragmented in which the ODJ Group acts as a natural aggregator. We are confident that the financial resources provided can promote the virtuous growth process of L’Orto di Jack, allowing it to quickly establish itself as one of the main players in its reference market”.
Smart Capital – which has an active management approach and a focus on small and medium-sized listed companies, in the pre-IPO phase and/or interested in a future listing – aims to list by the end of the year on Euronext Growth Milan – Professional Segment (EGM PRO).