ITALY - Carlyle to acquire 48% stake in Moncler Group

The deal, which remains subject to regulatory approval, is expected to close by the end of 2008. Remo Ruffini will continue to head the company and will retain his 38% stake in the business. Mittel Private Equity, Progressio and ISA, which previously controlled respective interests of 35%, 22% and 4%, will own a combined stake of 13.5%, while the management will hold the balance.

Moncler is a manufacturer of high-end sportswear products under the brands Moncler, Henry Cotton, Marina Yachting and Coast, Weber & Ahaus (CWA), and is licensee of the second-line brand Cerruti. During the last three years, the company’s turnover has increased by an annual rate of 17% from EUR 183m in 2005 to a forecast EUR 290m for 2008, with foreign sales accounting for about 40% of total turnover.

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• Topics
• Expansion
• Southern Europe