Syntegra to float Moleskine

The announcement, made by CEO Arrigo Berni, confirms Syntegra's goal to exit the company within the year, as reported in January.

The brand has been under private equity ownership since 2006, when Syntegra (then SG Capital Europe) acquired a 75% stake in Moleskine (then Modo & Modo) from its founders for around €60m. The transaction was underpinned by a senior debt package from Interbanca. The remaining stake was held by the founders and management. Syntegra stated that it planned to exit the firm within five years.

In 2011, Index Ventures made a fresh capital injection in the brand in exchange for a 15% stake, a deal that valued the company at €200m. Syntegra's share decreased to 67.7%, with the founders retaining 10.6% and the management team holding 6.5% of the brand.

Moleskine reported a €66.6m turnover for 2011.

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• Topics
• Southern Europe
• Consumer
• Index Ventures
• Italy
• Syntegra Capital