M&A Deal Summary

Investcorp Acquires Corneliani

On June 21, 2016, asset manager Investcorp acquired apparel/textiles company Corneliani

Acquisition Highlights
  • This is Investcorp’s 8th transaction in the Apparel/Textiles sector.
  • This is Investcorp’s 4th transaction in Italy.

M&A Deal Summary
Date 2016-06-21
Target Corneliani
Sector Apparel/Textiles
Buyer(s) Investcorp
Deal Type Buyout (LBO, MBO, MBI)

Target

Corneliani

Mantua, Italy
Corneliani is a luxury clothing brand best known for its men’s suits and chic casualwear and is one of the oldest independent Italian luxury brands. Founder Carlalberto Corneliani has, alongside his brother Claudio Corneliani, built a business whose clothing line has become reputed across the international luxury apparel industry. The firm’s expansion into the casual wear market has seen its international presence grow significantly, with stores established across Europe, the US, Asia and more recently into emerging markets. Corneliani was formed in 1958 and is based in Mantua, Italy.

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Buyer(S) 1

Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.

DEAL STATS #
Overall 122 of 176
Sector (Apparel/Textiles) 8 of 8
Type (Buyout (LBO, MBO, MBI)) 36 of 54
Country (Italy) 4 of 8
Year (2016) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 GL Education

Brentford, United Kingdom

GL Education is an educational multimedia company, publishing innovative, curriculum-based resources for the UK and abroad. It currently supplies more than ninety-five per cent of schools in the UK and exports to more than thirty countries internationally, with a catalogue of over 800 software and hardware products. GL Education was founded in 1980 and is based in Brentford, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 L azurde

Riyadh, Saudi Arabia

L'azurde is designer, manufacturer and distributor of gold jewelry for the premium mass market, and the fourth largest gold jewelry manufacturer globally. L'azurde was established in 1982 and is based in Riyadh, Saudi Arabia.

Sell -
Mergr

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