Consilium backs River Group in MBO

Founders Marco and Paolo Carli, and Luca Pengo will retain shares in the company.

The GP used its Consilium Private Equity Fund III for the transaction. The fund held a final close in December 2014 on €150m, according to unquote" data. The vehicle generally acquires majority stakes in Italian companies with an enterprise value of €20-80m. When launched, the fund aimed at an average leverage ratio of 2.5x.

River Group plans on using the GP's backing to consolidate its position in the market and increase its production capacity. 

Company
Founded in the early 2000s, River manufactures sneakers for international luxury brands. In 2017, the group generated a turnover of around €33m. The company is headquartered in Fucecchio.

People
Consilium – Stefano Iamoni (founding partner). 

Advisers
Equity – Orrick (legal); KPMG (financial due diligence); Officina & Partners (commercial due diligence); Studio Russo De Rosa (legal, tax); Essentia (commercial due diligence).
Company – Studio Commerciale e Associato Bonamici (financial due diligence, tax); Studio Legale Selmi-Tremolanti (legal).

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Italy
• Consilium