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Dainese was acquired by Carlyle Group for €630 million


After three years of shopping it aroundInvestcorp eventually sold the Dainese brand consortium, with The Carlyle Group (an American private equity firm) buying the Italian apparel maker for a reported €630 million.

That number represents almost 5 times the profit from 130 million euros that Investcorp spent when they bought 80% of Dainese SpA from founder Lino Dainese in 2014 – making the venture a sizable profit for the Bahrain company.

Follow it Press ReleaseInvestcorp has doubled Dainese’s revenue while the brand is under its ownership, with annual sales of around 250 million euros. Dainese also bought Italian boot maker TCX around the same timeadditions to holdings, which already include the AGV helmet brand.

“Six years ago when we invested in Dainese, founder Lino Dainese said he wanted a partner with the same passion and ambition for his company,” said Hazem Ben-Gacem, Co-CEO. at Investcorp said.

“It is gratifying to know that Investcorp is a partner of Dainese, as under our leadership we have enabled EBITDA to grow more than five times and create a business well positioned for continued success. .”

“We will continue on our mission to support outstanding Italian brands in their journey to becoming world leaders. Gucci, Riva Boats and Dainese are just a few of the finest Italian products we have had the honor of partnering with and supporting – that mission continues at Investcorp. ”

The Carlyle Group move is an interesting one. The American company is the second largest private equity group in the world and boasts $276 billion in assets under management.

Even so, the Carlyle Group said it plans to focus on growth in the United States and China, by expanding Dainese’s distribution network and perhaps by adding other brands to the group.

Even so, it remains unclear whether Dainese CEO Cristiano Silei will reprise his role in the future.

With Dainese and Alpinestars battling for supremacy in the airbag safety clothing market, this new investment from the Carlyle Group is sure to heat things up, which bodes well for riders motorcycle.

Source: Investcorp



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