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May 30, 2001
Cooley Godward: Italian Investor Delivers Dessert to Ferrari Foods
San Leandro-based A.G. Ferrari Foods has landed $12.3 million in venture backing. Opera Investment Co. of Milan, Italy, has committed $6.3 million in a Series D round, and an additional $6 million in a Series E round if performance milestones are met.
Opera Investment Co. of Milan, Italy, has committed $6.3 million in a Series D round, and an additional $6 million in a Series E round if performance milestones are met.
A.G. Ferrari Foods, founded in 1919, operates 11 retail and deli locations in the San Francisco Bay area.
Opera Investment is a 4-month-old $250 million fund which previously had invested only in Italian companies. Italian luxury goods maker Bulgari Group owns 25 percent of the Opera fund and half of its management company.
Palo Alto-based Cooley Godward represented A.G. Ferrari Foods. In San Francisco, partner Christopher Westover guided associates Laura Woodhead and David Tang on the details.
Los Angeles's Latham & Watkins represented Opera Investment. Partners Paul Tosetti and Jeffrey Kateman worked with associates Amber Faunt LeRoy and Julia Cooper. Armando Ambrosio of NCTM-Studio Legale Associato in Milan, Italy, also represented the investment fund.
Victoria Newman
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