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Case Study

PGIM Private Capital supports San Carlo’s next investments for long-term growth

Based in Milan, Italy, San Carlo Gruppo Alimentare SpA (“San Carlo”) manufactures and distributes branded potato chips, savory snacks, and bakery products. Notably, San Carlo leads the potato chip market in Italy.

Case Study

PGIM Private Capital supports San Carlo’s next investments for long-term growth

Based in Milan, Italy, San Carlo Gruppo Alimentare SpA (“San Carlo”) manufactures and distributes branded potato chips, savory snacks, and bakery products. Notably, San Carlo leads the potato chip market in Italy.

At a Glance

PGIM Private Capital’s relationship with San Carlo began in 2014, when we provided them with €40 million in Senior Unsecured Notes. The relationship was renewed in January 2025, when PGIM Private Capital provided San Carlo with a $70 million PGIM Private Shelf Facility, with an initial draw of  €25 million. This transaction served to  contribute to the Company’s next investments.

San Carlo’s management was impressed with our ability to issue long-term US Private Placement financing, which will contribute to its growth strategy. This, alongside our relationship-oriented partnership and flexible, pragmatic approach, influenced San Carlo’s decision to work with us.

We were glad for this opportunity to continue our support for San Carlo, and we look forward to working alongside the Company in the future.

Relationship Since 2014
Transaction details:
  • $70,000,000 PGIM Private Shelf
  • €25,000,000 Senior Unsecured Notes
Meet the team
“The new agreement with PGIM arises from the positive collaboration and trust that we have developed over the last decade, which has brought mutual satisfaction.”
Top Management, San Carlo

The Full Story

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Meet our team

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Francesco Ascoli headshot
Francesco Ascoli
Senior Principal
+39 02 5004 2104
Email
Italy

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