GRADIENTE II SELLS THE MAJORITY OF COLDLINE TO NICE GROUP S.P.A.
Gradiente II – a Fund promoted and managed by Gradiente SGR – has sold the majority shareholding in Coldline, an Italian company based in Torreglia – Padua, to Nice Group and its subsidiary TheNiceKitchen. Coldline has a long and well-established leadership in the production of professional refrigerators , specializing in blast chillers, retarder provers, refrigerated counters and cabinets for the professional and domestic catering market.
For the completion of the transaction Gradiente SGR was assisted by NCTM Studio Legale.
Pietro Busnardo, CEO of Gradiente SGR, concludes: “We are delighted to have sold the company to TheNiceKitchen group. We are sure that the strategic development we started will continue, with innovative products on international markets. Coldline represents a successful example of the Gradiente II Fund, that recently reached € 135 million, beyond the originally planned collection. “