Hony Capital buys 30% stake in Mr&Mrs Italy

The deal saw the company's management team, led by Fabio Leoncini and Andrea Bucalossi, retain a majority stake in the business.

Hony operates eight private equity funds and two mezzanine funds. It currently has $10bn in assets under management.

Company
Established in 2007 and headquartered in Santarcangelo di Romagna, near Rimini, Mr&Mrs Italy manufactures luxury parkas and distributes across 300 multi-brand stores, nine own locations, and four franchised stores.

According to a statement, the company expects to post €57m in revenues in 2017 and currently exports 80% of its products.

People
Hony Capital – Bing Yuan (managing director).

Advisers
Equity – Bain Consulting (corporate finance); PwC (financial due diligence); Bonelli Erede Pappalardo (legal).
Company – Lazard (corporate finance); Doria Investimenti (financial due diligence); Latham & Watkins (legal).

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• Topics
• Expansion
• Consumer
• Southern Europe
• Italy