The Riverside Company has acquired Italian gelato maker Optima and its related companies (dba Mec3). In addition to gelato, Mec3 develops, makes and markets ingredients for pastries, frozen yogurt and more, serving more than 60,000 customers worldwide.
Intermediate Capital Group co-invested €90 million ($124 million) total through a minority equity co-investment of €10 million ($13.8 million) and an €80 million ($110 million) unitranche debt facility. Lexington Partners also co-invested, and GE Capital Interbanca provided debt financing. Riverside plans to support and strengthen Mec3 management, boost global growth and invest in R&D.