Azimut provides 5 million in funding for Doppio Malto: the target is 60 new openings in 2029

Azimut (an independent, global asset and wealth management group, with total assets under management of €159 billion, listed on the Milan Stock Exchange since 2004) is reinforcing its commitment to supporting the real economy and the growth of Italian businesses with a €5 million private debt facility for Doppio Malto, a leading player in the FoodBrand Group’s own-brand catering and craft beer sectors.

The operation – according to a statement – is aimed at supporting the company’s business plan, underpinning the expansion of the commercial network with the target of 60 new openings by 2029, comprising both company-owned and franchised outlets. Doppio Malto currently has 66 restaurants across Italia and France, 40 of which are company-owned and 26 franchised, and oversees the entire supply chain with a modern brewery of its own in Iglesias, Sardinia.

The financing was structured and underwritten as a co-investment by two vehicles managed by the Group, the Azimut Diversified Corporate Credit (ADCC) fund and the Azimut Agrifood Mezzogiorno fund, and “forms part of Azimut’s broader strategy aimed at channelling capital into the real economy”.

The transaction also confirms “Azimut’s ability to act as an integrated financial partner for businesses, combining the advisory expertise of Azimut Corporate Finance with the investment and professional fund management expertise of Azimut Investments SA, supporting entrepreneurs with financial solutions tailored to the various stages of their development”.

Giorgio Medda, CEO of the Azimut Group, comments: “This investment in Doppio Malto is a concrete example of Azimut’s commitment to supporting the finest ‘Made in Italy’ businesses in their expansion plans. We are particularly proud to support a manufacturing company so closely linked to Sardinia, a region characterised by a dynamic entrepreneurial fabric and a wealth of expertise and success stories.”