M&A Deal Summary

Ethica Global Investments Acquires Lanificio dell’Olivo

On February 3, 2020, private equity firm Ethica Global Investments acquired apparel/textiles company Lanificio dell’Olivo from Gradiente SGR

Acquisition Highlights
  • This is Ethica Global Investments’ 1st transaction in the Apparel/Textiles sector.
  • This is Ethica Global Investments’ 2nd transaction in Italy.

M&A Deal Summary

Date 2020-02-03
Target Lanificio dell’Olivo
Sector Apparel/Textiles
Buyer(s) Ethica Global Investments
Sellers(s) Gradiente SGR
Deal Type Secondary Buyout
Advisor(s) K Finance (Financial)

Target

Lanificio dell’Olivo

Campi Bisenzio, Italy
Lanificio dell’Olivo S.p.a. is a producer of fancy yarns that sells 100% made in Italy products to the most prestigious knitwear and needling brands worldwide. The company is positioned at the top end of the market, offering high-quality yarns, produced with combinations of noble and natural fibers with innovative and modern materials. Lanificio dell’Olivo was founded in 1947 and is based in Campi Bisenzio, Italy.

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Buyer(S) 1

DESCRIPTION

Ethica Global Investment is the direct investment arm of merchant bank Ethica Group. Ethica Global Investments looks to acquire direct stakes in growth-oriented Italian companies. The Group does not have any sector preferences looks to invest long-term. Ethica Global Investments was established in 2017 and is headquartered in Milan.


DEAL STATS #
Overall 2 of 2
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: Italy M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 GIA

Trecate, Italy

GIA S.p.a designs, produces and sells patented and technologically advanced systems for the plumbing, heating and sanitary sector and hydraulic, industrial and electrical plant engineering for more than 30 years.

Buy -

Seller(S) 1

SELLER

Gradiente SGR

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 96M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Gradiente SGR is a private investment firm focused on investing €5 to €10 million in lower middle-market Italian companies with €10 to €40 million of sales. The Firm targets profitable companies operating in growth-oriented sectors. Gradiente will not invest in turnarounds or corporate restructurings, or venture financings. Gradiente SGR was established in 2009 and is headquartered in Padova.


DEAL STATS #
Overall 4 of 5
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 3
Country: Italy M&A 4 of 5
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 Dierre Group

Fiorano Modenese, Italy

Dierre Group is a designer, manufacturer, and seller of aluminum structural profiles, guards, accident prevention systems, linear rails, and conveyor belts. Dierre was formed in 1997 and is based in Fiorano Modenese, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-15 Argos Surface Technologies

Cambiago, Italy

Argos Surface Technologies is a provider of surface treatment and industrial coating solutions for metals, plastics, and carbon fiber. The company offers advanced coatings that combine functional performance with aesthetic value ensuring durability, protection, and customization for demanding industries. Argos Surface Technologies is based in Cambiago, Italy.

Buy -