M&A Deal Summary

Fosun Fashion Group Acquires Sergio Rossi

On June 10, 2021, Fosun Fashion Group acquired apparel/textiles company Sergio Rossi from Investindustrial

Acquisition Highlights
  • This is Fosun Fashion Group’s 1st transaction in the Apparel/Textiles sector.
  • This is Fosun Fashion Group’s 1st transaction in Italy.

M&A Deal Summary

Date 2021-06-10
Target Sergio Rossi
Sector Apparel/Textiles
Buyer(s) Fosun Fashion Group
Sellers(s) Investindustrial
Deal Type Add-on Acquisition

Target

Sergio Rossi

Milan, Italy
Sergio Rossi is a renowned Italian luxury brand with a strong international presence and awareness. The Company has a worldwide distribution network of 65 stores, of which 50 directly owned flagship stores in prime luxury locations mainly in EMEA, APAC and Japan, and 15 franchised stores.

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Buyer(S) 1

Buyer

Fosun Fashion Group

Shanghai, China

Category Company
Founded 2017
Sector Business Services
DESCRIPTION

Fosun Fashion Group is a multi-disciplinary industry platform that focuses on in-depth operations and strategic investments in luxury fashion. Rooted in China with a global vision, FFG is able to provide the complete solution for brands' sustainable growth. These include brand building, talent recruiting, product development, strategic alliances, channel expansion, digitalization, as well as full-spectrum local operation provided through its China operation arm, Fosun Fashion Brand Management (FFBM). Through its unique approach and position, FFG looks to create and connect cross-border communities, empower talent and drive growth. FFG's current brand portfolio includes Lanvin, Wolford, St. John, Caruso, and Tom Tailor.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Investindustrial

London, United Kingdom

Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Investindustrial is an investment firm focused on creating global leaders through organic growth and acquisitions. The Firm is operationally driven and seeks opportunities in Southern Europe. Areas of interest include services, consumer, retail, leisure, and industrial manufacturing. Investindustrial has offices in London, Luxembourg, Milan, Lugano, Barcelona, Shanghai, and New York.


DEAL STATS #
Overall 30 of 35
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 14 of 16
Country: Italy M&A 14 of 15
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 Targa Telematics

Treviso, Italy

Targa Telematics is a player in the telematics and mobility space. The company offers a broad range of software solutions such as asset and fleet management, insurance telematics, diagnostics and remote telemetry, to short and long-term rental companies, leasing and insurance operators and large fleet managers. Targa Telematics was founded in 2006 and is based in Treviso, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Guala Closures

Alessandria, Italy

Guala Closures is a manufacturer of spirits and wine closures through operating in 5 continents with 27 production sites and has a commercial presence in over 100 countries; about 90% of the group's turnover is generated outside of Italy. Guala Closures was founded in 1954 and is based in Alessandria, Italy.

Buy -