Delighted to have assisted buyside these #artisanal deals!
P4, led by entrepreneur Michele Paris, established #platform FTC Luxury (Filiera Toscana della Calzatura), bringing together #subcontractors specialising in the production of finished components for the luxury #footwear industry.
Azimut Libera Impresa SGR, through its private equity funds—including AZIMUT ELTIF Private Equity – Ophelia—has joined P4 and other co-investors in a capital increase, acquiring a minority stake of over 30% in FTC. The transaction received financial backing from UniCredit and Intesa Sanpaolo.
FTC’s newly formed industrial platform currently includes four complementary companies, all based in the Tuscan #district:
-Iannelli: a specialist manufacturer of #insoles for #HighHeels
-Danimarc s.r.l.: a provider of #TPU moulded #soles for #sneakers
-APAM International: a producer of constructed soles for #formal men’s #shoes and sneakers
-Fagiolini: a specialist in #leather treatments for #uppers and #LeatherGoods.
This strategic consolidation aims to preserve the unique artisanal expertise that defines Italian #craftsmanship (“Artisanal Intelligence”), also through contributing locally to the development of skills, while enhancing capabilities (e.g. traceability, sustainability, ...) and operational efficiency. Hence current owners will continue leading their respective companies with the guidance and support of Mario Zanini, Group CEO.
120th to 123rd closing I advised, this time with Marco Occhetta, Alberto Regazzo, Giorgio Antichi and OC&C Strategy Consultants | Italy team including Filippo Mancinelli Scotti, Marcello Rebecchini and Eleonora Rigamonti.
Grateful to Michele, Roberto and the Ethica Group team for the opportunity to work together!
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OC&C Strategy Consultants is a leading global strategy consultancy, with deep expertise in the fashion industry supply chain (where I have also advised deals involving among others Gruppo Biokimica, Euromoda, Alce, ABC Morini and Lampa).
In Private Equity, practice that I lead in Italy, we have commercially advised on more than 500 successful transactions over the last 5 years, encompassing sell-side and buy-side roles.
#Deals, #PrivateEquity, #DueDiligence, #CommercialDueDiligence, #ManagementConsulting, #StrategyConsulting