Cerealto — Other · €80M

Then-named Cerealto Siro Foods announced that a joint venture of special-situations investor Davidson Kempner Capital Management and consumer/healthcare specialist Afendis Capital Management would inject €80M (about $88M) to take a 75% stake, recapitalising a group carrying roughly €300M of debt after a prior deal with Biscuit International collapsed. No single investor was stated to have led; the deal closed on 13 June 2022 and included a participative loan of about €50M from Davidson Kempner alongside the equity and debt write-down, with founder Juan Manuel Gonzalez Serna staying on as president. Classified as Other because it is a private-equity control recapitalisation rather than a venture-ladder round.