3i gains control of Mosaicon

3i had initially acquired its stake in the business in June 2008 in a €118m expansion deal.

The binding agreement between Antichi Pelletieri and 3i, sees the latter
increase its stake in Mosaicon from 49% to 64% without further capital increases.

The agreement is subject to antitrust approval and further depends on the debt consolidation of some of Mosaicon subsidiaries, which amounts to about €60m.

The Mosaicon portfolio include brands such as Mandarina Duck, Braccialini, Coccinelle and Francesco Biasia.

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• Topics
• Expansion
• Southern Europe
• Consumer
• Restructuring
• 3i