{"id":9443,"date":"2024-07-10T00:00:00","date_gmt":"2024-07-10T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/"},"modified":"2026-06-25T13:35:46","modified_gmt":"2026-06-25T17:35:46","slug":"livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/","title":{"rendered":"Livingstone advises Alcedo in the acquisition of Marino Belotti"},"content":{"rendered":"\n<p><strong>Livingstone has served as the exclusive advisor to <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.alcedo.it\/\"><strong>Alcedo SGR S.p.A.<\/strong><\/a><strong> &lpar;\u201cAlcedo\u201d&rpar;, an Italian private equity firm specializing in investments in Italian SMEs, in the acquisition of <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.marinobelotti.it\/\"><strong>Marino Belotti<\/strong><\/a><strong> &lpar;the \u201cCompany\u201d or \u201cMarino Belotti\u201d&rpar;, an Italian company engaged in the production of primary plastic packaging solutions for the cosmetic industry. Through this transaction, Alcedo becomes the new majority owner and, together with the existing management, plans to elevate the Company to the next level through organic growth and strategic acquisitions.<\/strong><\/p><p>Alcedo, alongside the existing management, has acquired 100 percent of the shares of Marino Belotti. The Company is specialized in the design, development, and manufacture of standard as well as tailor-made plastic containers\/compacts for powder cosmetics such as eyeshadows, face powder, bronzer, and blush. Established in 1979 and headquartered in Chiuduno &lpar;Italy&rpar;, Marino Belotti employs over 70 people.<\/p><p>\u201c<em>We are very pleased to launch a new development and consolidation project in the cosmetic packaging sector, which is worth over \u20ac 200 billion globally. The Fund, as Sponsor, aims to lead a consolidation of this sector with an entrepreneurial approach. Like many others, this sector is populated by numerous and highly capable SMEs. We have strongly believed in Marino Belotti\u2019s growth prospects, and thanks to the company\u2019s consolidated experience in the sector and the strong commitment shown by the management team, we believe that the company can further strengthen its position in the future and serve as the starting point for a project to aggregate complementary and synergistic entities,<\/em>\u201d said <strong>Gioia Ronchin, Senior Investment Manager of Alcedo SGR.<\/strong><\/p><p>\u201c<em>Marino Belotti aims to be a key reference point in the market, recognized for its wide range of solutions, the quality of its products and services, and its capacity to innovate and diversify, which is of paramount importance, particularly in the prestige segment of the cosmetics industry. The main goal, shared with Alcedo and with their support, is to expand Marino Belotti internationally as a leading player,<\/em>\u201d said <strong>Maria Teresa Belotti, CEO of Marino Belotti. <\/strong><\/p><p><a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/team\/luca-maccagnani-castelli\/\"><strong>Luca Maccagnani Castelli<\/strong><\/a><strong>, Managing Partner at Livingstone<\/strong>, added<em> \u201cWe had already supported the shareholders of Marino Belotti during the first ownership transition, when the need emerged to evolve from a family-owned business to becoming part of a larger industrial group. We are proud to have now advised Alcedo on this acquisition, supporting Teresa and Alfredo Belotti as they enter the next phase of growth\u201d.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alcedo, together with the current management, aims to further drive the international growth of Marino Belotti<\/p>\n","protected":false},"featured_media":2379,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-9443","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1119,1149,1163],"date":"20240710","client_type":42,"type":[1102],"region":[371],"services":[435],"sectors":[637,647],"related_transactions":[9403,9430,9438,9428],"related_testimonials":[51081,51082,51208],"contacts":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Livingstone advises Alcedo in the acquisition of Marino Belotti - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Livingstone advises Alcedo in the acquisition of Marino Belotti - Livingstone Partners\" \/>\n<meta property=\"og:description\" content=\"Alcedo, together with the current management, aims to further drive the international growth of Marino Belotti\" \/>\n<meta property=\"og:url\" content=\"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/\" \/>\n<meta property=\"og:site_name\" content=\"Livingstone Partners\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-25T17:35:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/707e6a2a.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\\\/\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\\\/\",\"name\":\"Livingstone advises Alcedo in the acquisition of Marino Belotti - Livingstone Partners\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/707e6a2a.png\",\"datePublished\":\"2024-07-10T04:00:00+00:00\",\"dateModified\":\"2026-06-25T17:35:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\\\/#primaryimage\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/707e6a2a.png\",\"contentUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/707e6a2a.png\",\"width\":1200,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Transactions\",\"item\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Livingstone advises Alcedo in the acquisition of Marino Belotti\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/\",\"name\":\"Livingstone Partners\",\"description\":\"Deals Done Right.\",\"publisher\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#organization\",\"name\":\"Livingstone Partners\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/logo_livingstone.svg\",\"contentUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/logo_livingstone.svg\",\"caption\":\"Livingstone Partners\"},\"image\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Livingstone advises Alcedo in the acquisition of Marino Belotti - Livingstone Partners","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/","og_locale":"en_US","og_type":"article","og_title":"Livingstone advises Alcedo in the acquisition of Marino Belotti - Livingstone Partners","og_description":"Alcedo, together with the current management, aims to further drive the international growth of Marino Belotti","og_url":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/","og_site_name":"Livingstone Partners","article_modified_time":"2026-06-25T17:35:46+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/707e6a2a.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/","url":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/","name":"Livingstone advises Alcedo in the acquisition of Marino Belotti - Livingstone Partners","isPartOf":{"@id":"https:\/\/livingstonepartners.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/#primaryimage"},"image":{"@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/#primaryimage"},"thumbnailUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/707e6a2a.png","datePublished":"2024-07-10T04:00:00+00:00","dateModified":"2026-06-25T17:35:46+00:00","breadcrumb":{"@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/#primaryimage","url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/707e6a2a.png","contentUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/707e6a2a.png","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-alcedo-in-the-acquisition-of-marino-belotti\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/livingstonepartners.com\/en\/"},{"@type":"ListItem","position":2,"name":"Transactions","item":"https:\/\/livingstonepartners.com\/en\/transaction\/"},{"@type":"ListItem","position":3,"name":"Livingstone advises Alcedo in the acquisition of Marino Belotti"}]},{"@type":"WebSite","@id":"https:\/\/livingstonepartners.com\/en\/#website","url":"https:\/\/livingstonepartners.com\/en\/","name":"Livingstone Partners","description":"Deals Done Right.","publisher":{"@id":"https:\/\/livingstonepartners.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/livingstonepartners.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/livingstonepartners.com\/en\/#organization","name":"Livingstone Partners","url":"https:\/\/livingstonepartners.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/livingstonepartners.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/logo_livingstone.svg","contentUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/logo_livingstone.svg","caption":"Livingstone Partners"},"image":{"@id":"https:\/\/livingstonepartners.com\/en\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/9443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction"}],"about":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/types\/transaction"}],"version-history":[{"count":1,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/9443\/revisions"}],"predecessor-version":[{"id":73360,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/9443\/revisions\/73360"}],"acf:post":[{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/testimonial\/51208"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/testimonial\/51082"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/testimonial\/51081"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/9428"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/9438"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/9430"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/9403"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/team-member\/1163"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/team-member\/1149"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/team-member\/1119"}],"acf:term":[{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/sector\/647"},{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/sector\/637"},{"embeddable":true,"taxonomy":"service","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/service\/435"},{"embeddable":true,"taxonomy":"region","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/region\/371"},{"embeddable":true,"taxonomy":"transaction-type","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction-type\/1102"},{"embeddable":true,"taxonomy":"client-type","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/client-type\/42"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/media\/2379"}],"wp:attachment":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/media?parent=9443"}],"wp:term":[{"taxonomy":"client-type","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/client-type?post=9443"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/region?post=9443"},{"taxonomy":"sector","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/sector?post=9443"},{"taxonomy":"service","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/service?post=9443"},{"taxonomy":"transaction-type","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction-type?post=9443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}