Private equity moves in on Giochi Preziosi

The company, which is currently owned by Milan-based Clessidra, has caught the attention of up to seven private equity investors, who could prepare bids for the business later this month. Bain Capital- and KKR-backed Toys "R" Us and Mattel are also expected to make non-binding offers for their competitor.

Clessidra paid €800m to acquire a 55.6% stake in Preziosi in 2008. The remaining share capital is divided between Italy's biggest bank, Intensa Sanpaolo, local investment firm IDeA Capital Funds, and the eponymous founder and chairman, Enrico Preziosi.

Preziosi has stated he would like to list the company on the stock exchange in the future.

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• Topics
• Southern Europe
• Consumer
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• Cinven
• Charterhouse Capital Partners
• Axa Private Equity