Operation Club del Sole
A legacy of family, growth, and collaboration
“It was extremely difficult to convince my family that bringing a private equity fund into the company could be the best choice for our growth and our future. It was not a matter of money, but of method, governance, and vision. We needed a partner capable of listening, guiding, and bringing all parties together. That partner was Credem Euromobiliare Private Banking, with Simone Citterio and his team.”
This is how Francesco Giondi, CEO of Club del Sole – now one of Italy’s leading operators in the open-air tourism sector – describes a journey that began in 2015 and led to three major transactions in less than ten years. Throughout this process, our Corporate Finance Advisory team worked side by side with the family, offering not only technical expertise and strategic vision, but also the ability to navigate and support family dynamics during a complex phase of transformation and growth. Tailored solutions were built on listening, empathy, understanding, and the capacity to seize opportunities presented by the market.
As Simone Citterio, Head of Corporate Finance Advisory, explains:
“We thoroughly analyzed the situation to determine the best approach for guiding the Giondi family through a generational transition. Ultimately, we chose to bring in an institutional investor. For us, it was essential to establish a relationship of trust with the family from the very beginning, to listen to the needs of each shareholder, and to present a solution to the market that, while respecting the company’s heritage and continuity, would accelerate Club del Sole’s growth journey towards becoming the leader in Italy’s open-air tourism sector.”
The video features a conversation between Francesco Giondi, Simone Citterio, and Jole Saggese, journalist and editor-in-chief at Class CNBC.