ArteOlio, the agricultural group founded in Grosseto in August 2019, dedicated to state-of- the-art and sustainable extra-virgin olive oil production, announced the completion of a new euro 4.5 million capital increase, approved in September 2021 and reserved to the investment vehicle managed by VERTEQ Capital, the Milan-based investment holding led by Ennio Valerio Boccardi.
The completion of this third capital increase brings ArteOlio’s total equity raised in 24 months to euro 15 million, on top of medium/long-term and working capital facilities totalling euro 12.25 million provided by Banco BPM, Banca Carige and Banca Tema.
The obtainment of additional medium/long-term bank financing is also due soon, to support ArteOlio’s newly enhanced target of developing over 700 hectares of land in Southern Tuscany.
ArteOlio Società Agricola S.r.l. (www.arteolio.com) is an Innovative SME founded in Grosseto in 2019 by Augusto Lippi and Riccardo Schiatti. With the financial support of VERTEQ Capital, ArteOlio launched the development of over 700 hectares for 100% Italian extra-virgin olive oil production in Southern Tuscany, employing highly innovative and technological procedures that enable the production of first-rate extra-virgin olive oil and, at the same time, the efficient and sustainable use of agricultural resources.
VERTEQ Capital S.p.A. (www.verteqcapital.com) is a private equity investment company based in Milan, founded and managed by Ennio Valerio Boccardi, specialized in growth capital and buyout investments for small and medium Italian enterprises.