Acquisition of Pinsalab by Deutsche Invest Capital Partners DATE October 2021 TRANSACTION TYPE Private Equity Acquisition VALUE Undisclosed SECTOR Food & Beverage Transaction Overview Spayne Lindsay is delighted to announce that it has advised Deutsche Invest Capital Partners (“DICP”) on the acquisition of Pinsalab from a group of private investors. Founded in 2017 in Reggio Emilia (Italy), Pinsalab produces pinsa, a premium hand-made, pre-baked dough made of rice, soy, and wheat flours. Pinsa uses more water than the usual pizza dough and undergoes a longer levitation process of at least 24 hours. The mix of flours and the artisanal process guarantee a lighter crispy crust with a fluffy centre as well as fewer calories, lower fat and less sodium. The Company serves a significant portion of the main Italian food retailers, mostly through its own brand Pinsami, as well as a large contingent of foodservice operators. The company has enjoyed strong top-line performance on the back of exceptional growth of the Pinsa segment, generating annual triple digit percentage growth since its foundation. DICP will support the ambitious future growth plans of the Company, which include expanding production capabilities, the product offering and international sales. Pinsalab will continue to be managed by DICP co-shareholders and managers Fabio Grillo (CEO) and Mauro delle Vacche (CCO), as well as Robert Lehrer, newly appointed Chief Business Development International. Contact Spayne Lindsay for further information CONTACT US Spayne Lindsay & Co. LLP is a limited liability partnership registered in England and Wales under Partnership No. OC307647 and is regulated by the Financial Conduct Authority. Registered office address: Devonshire House, 1 Devonshire Street, London W1W 5DR. Spayne Lindsay & Co Limited is a limited company registered in England and Wales under Company No. 09500191. It is an Appointed Representative of Spayne Lindsay & Co LLP and therefore regulated by the Financial Conduct Authority. Registered office address: Devonshire House, 1 Devonshire Street, London W1W 5DR. Legal Information | Privacy Policy. All Rights Reserved - Spayne Lindsay & Co Designed & Created by Graphic Booth

SORT TRANSACTIONS: ALL FOOD & BEVERAGE RETAIL & LEISURE CONSUMER PRODUCTS & OTHER INTERNATIONAL PRIVATE EQUITY Spayne Lindsay & Co. LLP is a limited liability partnership registered in England and Wales under Partnership No. OC307647 and is regulated by the Financial Conduct Authority. Registered office address: Devonshire House, 1 Devonshire Street, London W1W 5DR. Spayne Lindsay & Co Limited is a limited company registered in England and Wales under Company No. 09500191. It is an Appointed Representative of Spayne Lindsay & Co LLP and therefore regulated by the Financial Conduct Authority. Registered office address: Devonshire House, 1 Devonshire Street, London W1W 5DR. Legal Information | Privacy Policy. All Rights Reserved - Spayne Lindsay & Co Designed & Created by Graphic Booth