M&A Deal Summary

VAM Investments Group, Fondo Italiano d Investimento and Italmobiliare Acquire Gruppo Florence

On November 1, 2020, private equity firms VAM Investments Group, Fondo Italiano d Investimento and Italmobiliare acquired apparel/textiles company Gruppo Florence

Acquisition Highlights
  • This is VAM Investments Group’s 1st, Fondo Italiano d Investimento’s 1st and Italmobiliare’s 2nd transaction in the Apparel/Textiles sector.
  • This is VAM Investments Group’s 6th, Fondo Italiano d Investimento’s 9th and Italmobiliare’s 8th transaction in Italy.
Investment Fate
  • Gruppo Florence was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2020-11-01
Target Gruppo Florence
Sector Apparel/Textiles
Buyer(s) VAM Investments Group
Fondo Italiano d Investimento
Italmobiliare
Deal Type Consolidation

Target

Gruppo Florence

Milano, Italy
Gruppo Florence is a build-up project born from the consolidation of Italian companies active in the design, development, and production of clothing, footwear, and accessories for the main luxury brands. Gruppo Florence was founded in 2020 and is based in Milano, Italy.

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Buyer(S) 3

Buyer

VAM Investments Group

Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 250M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

VAM Investments is a private equity firm focused on buyouts and growth capital financings of Italian companies. The Firm will consider both majority or minority and seeks to commit €10 to €50 million per transaction. VAM Investments was formed in 2013 and is based in Milan.


DEAL STATS #
Overall 6 of 11
Sector: Apparel/Textiles M&A 1 of 3
Type: Consolidation M&A Deals 1 of 1
Country: Italy M&A 6 of 11
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-15 Sicurezza e Ambiente

Rome, Italy

Sicurezza e Ambiente provides the road safety restoration service and restores the environmental factors compromised by road accidents throughout the country. The restoration activity is performed through operational intervention protocols, duly registered and covered by a patent with exclusive right. Sicurezza e Ambiente was founded in 2006 and is based in Rome, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Swisscare

Villafranca di Verona, Italy

Swisscare provides research and production of safer, more innovative, and more reliable cosmetics. Swisscare was formed in 1990 and is based in Villafranca di Verona, Italy.

Buy -
Buyer
DESCRIPTION

Fondo Italiano d'Investimento is a private investment firm focused on direct investments in companies as well as fund investments. The Firm's direct investing activity is divided amongst private equity and venture capital activity. Within private equity, Fondo Italiano looks for consolidation opportunities with a particular focus on companies exhibiting strong brands and operations, reputations for excellence. for Within venture, Fondo Italiano looks to invest €5 to €150 million in high-growth, tech-oriented companies generating €5 to €70 million in annual revenue. Fondo Italiano d'Investimento was established in 2010 and is headquartered in Milan.


DEAL STATS #
Overall 10 of 20
Sector: Apparel/Textiles M&A 1 of 2
Type: Consolidation M&A Deals 1 of 1
Country: Italy M&A 9 of 19
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-29 Cremonesi

Verona, Italy

Cremonesi is a provider of energy, environment, and sustainable development services to different types of customers (industries, public administrations, individuals, event organizers) on their sustainable path. The company provides consulting, design, requalification, and training services for energy efficiency. Cremonesi was formed in 1992 and is based in Verona, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 Everli

Milan, Italy

Everli is a provider of e-grocery sector and allows customers to purchase products online from their supermarket that provides same-day grocery delivery services. Everli was founded in 2014 and is based in Milan, Italy.

Buy -
Buyer

Italmobiliare

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1946
PE ASSETS 1.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Italmobiliare SpA is a public traded investment firm with interests in companies and private equity funds. The Firm is a generalist investor and primarily focuses on opportunities throughout Italy. Italmobiliare SpA was established in 1946 and is headquartered in Milan.


DEAL STATS #
Overall 8 of 13
Sector: Apparel/Textiles M&A 2 of 3
Type: Consolidation M&A Deals 1 of 1
Country: Italy M&A 8 of 13
Year: 2020 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Officina Profumo Farmaceutica di Santa Maria Novella

Florence, Italy

Officina Profumo Farmaceutica di Santa Maria Novella is a manufacturer of fragrances, skincare, body care, and home products. The Company produces formulations based on traditional methods and natural ingredients. Officina Profumo Farmaceutica di Santa Maria Novella was founded in 1221 and is based in Florence, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Casa della Salute

Genoa, Italy

Casa della Salute provides outpatient medical and dental services across various specialties. The Company operates diagnostic, laboratory, and physiotherapy centers, as well as clinics focused on preventive care, occupational medicine, and surgery. Casa della Salute was founded in 2013 and is based in Genoa, Italy. –

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