Renovo Capital Acquires A.G. Ferrari Foods, Inc.
Renovo Capital, LLC through an affiliate of its Renwood Opportunities Fund, has acquired substantially all the operations of A.G. Ferrari Foods, Inc., ending Ferrari’s Chapter 11 bankruptcy proceedings. Renovo provided Debtor-In-Possession financing during the Ferrari bankruptcy, allowing the company to restructure operations while downsizing to focus on its core business.
A.G. Ferrari Foods has been a specialty food supplier to the greater San Francisco bay area for more than 90 years offering the finest in imported Italian specialty foods, freshly prepared dishes, and high quality groceries through its 9 Bay Area retail stores, wholesale food operations, catering and online shopping.
“This is an exciting time for A.G Ferrari”, according to John Clougher the new CEO for Ferrari. “With new leadership energy and capital available to invest in our stores and inventory, Ferrari will again be an exciting shopping experience for our great customer base. We thank all our loyal followers for supporting the company during these past difficult times.”
Ferrari is now a subsidiary in the Renwood Opportunities Fund, managed by Renovo Capital and Rosewood Private Investments. Renovo Capital is a private equity firm whose primary focus is on operating turnarounds, bankruptcy reorganizations, debt purchases and out-of-court restructurings for companies in the manufacturing, distribution and service industries. Rosewood Private Investments is the private equity arm of The Rosewood Corporation, a prominent family-owned company with diverse, worldwide operations and investments.
For Additional Information, Contact: Scott B. Lavie, Manager Renovo Capital: Scott.lavie@renovocap.com.
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