
Trilantic buys minority stake in Betty Blue
Trilantic Partners Europe has acquired a minority stake in Italian fashion and accessories company Betty Blue.
The company also operates the Elisabetta Franchi brand, a premium womenswear line in Italy.
Trilantic will focus on the international expansion of the firm. Particular attention will be given to growth in south-east Asia.
Company
Founded in 1998 and based in Bologna, Betty Blue is a luxury fashion and accessories company. The firm reported revenues of around €105m in 2012 and an EBITDA of approximately €26m. Further growth is expected in 2013.
Elisabetta Franchi operates in Italy and abroad through a network of 80 proprietary branded stores and more than 1,100 multi-brand stores. The Italian market accounts for 65% of sales, with further revenues originating in Russia, the Middle East and Asia.
People
Vittorio Pignatti Morano is founder and European chairman of Trilantic, while Giacinto d'Onofrio is a partner at the GP.
Advisers
Equity – Hogan Lovells (Legal); Bain & Company (Commercial due diligence); PwC (Financial due diligence); Lincoln International (Corporate finance).
Company – Sin&rgetica (Corporate finance); Chiomenti (Legal).
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