Syntegra and Index exit Moleskine

The deal valued Moleskine's equity at €506m and saw D'Ieteren paying 240 cents per share. The buyer will launch a public takeover offer on the Milan stock exchange for the remaining Moleskine shares in order to de-list the business.

D'Ieteren is a family-owned group founded in 1805 and based in Brussels, Belgium.

Previous funding
Syntegra listed Moleskine at a valuation of around €530m and 230 cent share price in April 2013.

Syntegra had owned the luxury stationery brand since November 2006, when it bought Modo & Modo from its founders for €60m.

Company
Moleskine, formerly known as Modo & Modo, is a Milan-based manufacturer of notebooks, diaries, journals, bags, writing instruments and reading accessories. The business reported revenues of €129m for 2015 and employs 450 people.

People
Syntegra Capital – Marco Ariello (managing partner).
D'Ieteren – Axel Miller (CEO).
Moleskine – Arrigo Berni (CEO).

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