Select Transactions:
Florence SpA
ICFG Italy advises on the creation of luxury clothing production hub Florence SpA
ICFG Italy advised on this deal in October 2020
ICFG Italy advises on the creation of luxury clothing production hub Florence SpA
Target Company Name Florence SpA
Deal Types
  • Mergers & Acquisitions
Target Country Italy
Buyer Name / MBO Team / MBI Team VAM Investments
Buyer Country Italy
Transaction Description

ICFG member based in Italy, Palmer Corporate Finance, advises on the acquisition by a consortium of investors, to create the first luxury clothing production centre in Italy under the new name of Florence SpA.

Milan based Private Equity fund VAM Investments, led By Francesco Trapani, together with Fondo Italiano d'Investamento SGR, have established the first luxury clothing production centre in Italy, Florence SpA, by acquiring three Italian fashion manufacturers all based in Tuscany; Giuntini SpA, Ciemmeci Fashion Srl and Mely's Maglieria Srl. 

The transaction will result in Florence SpA holding 100% of the three companies with 65% controlled by the investors' consortium, and the remaining 35% by the founding families of the three companies. Francesco Trapani has been nominated chairman of Florence SpA.

 

Francesco Trapani commented; “These companies complement each other, they are not competitors, they are three legs of the same table.  This is only the beginning of this industrial project. We have already identified other companies that can become part of Florence.  We will rapidly expand this integrated platform.”

Florence SpA will deliver a leading platform to supply products for fashion brands in Italy, as well as on an international scale.

 

Led by Managing Partners Sandro Scaccini and Sara Ciavorella, Milan based Palmer Corporate Finance created the merge project from the start of the process, from both a strategic and financial point of view, and advised the companies throughout the entire transaction process to the completion of the deal.

Industry Sectors
  • Consumer & Retail
ICFG Office Milan, Italy
ICFG Advisory ICFG Italy advised on this deal in October 2020

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