ICFG Italy advises on the acquisition of ABC Morini by the Margot GroupScience (“HTMS”) on their €2M seed series funding
ICFG member based in Italy, Palmer Corporate Finance, has advised Mandarin Capital Partners III on the acquisition of leading wholesale supplier of metallic accessories for leather goods worldwide, ABC Morini SRL, by the Margot Group. |
The Margot Group, which was founded in late 2019, is managed by Private Equity Fund Mandarin Capital Partners III (MCP). With its aim of creating an integrated group in the metal accessories sector for leather goods, this is the second successful acquisition for the group in a matter of months. Scandacci based ABC Morini SRL has over 50 years of experience and know-how in the luxury fashion accessories sector, and is now one of the leading suppliers of handbag, shoe and belt fashion accessories worldwide. “Inclusion in the ABC Morini project will allow Margot to diversify its customer base by also entering in the so-called “affordable luxury” segment, and to widen the product range, thus being able to better serve various brands “says Andrea Tuccio, Partner of MCP. Led by Managing Partner Sandro Scaccini, Milan based Palmer Corporate Finance advised Mandarin Capital Partners III as a buy-side advisor on the transaction. |
