Based in Vicenza, Zonin1821 is one of the largest privately owned Italian wine producers, today controlled by the seventh generation of the founding family, with a solid management team in place and about 600 employees. The company boasts a wine portfolio well-diversified in terms of both wine types and price points and owns 9 estates, 8 in Italy and 1 in the US. In 2018, the company registered sales of about €M 200, of which about 85% generated abroad, with the US and the UK representing key export geographies.
The current shareholders were looking for an institutional investor to support the next phase of the company’s development and balance its financial structure and 21 Invest stood out as the ideal partner to support the company in its development. 21 Invest acquired a 36.1% stake, entirely through a share capital increase.
21 Invest will strive to accelerate the company’s growth, supporting the management team, according to the following drivers:
• Organic growth: enter new modern trade chains and increase penetration in Italian regions where the company has a lower market share;
• International expansion: grow abroad, particularly in the US market, exploiting the existing commercial network and the brand positioning achieved, also benefitting from a positive market trend and Made-in-Italy perception in foreign markets.
Alessandro Benetton, Founding Managing Partner of 21 Invest commented: “Zonin1821 is a historic and important Italian company, enjoying a strong and constant growth in recent years and we are happy to support it in its continued expansion in Italy and abroad. We aim to meet this goal by increasing production in Italy and reinforcing its organizational structure, with a consequent positive impact on the local territory”
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