Green Arrow acquires Seven

The GP is acquiring the stake from the Di Stasio family, which controls the company. CEO Aldo Di Stasio is retaining a 25% stake in Seven, while his two brothers Bruno and Roberto will each hold 10%.

A debt package was provided by Mediocredito Italiano and Deutsche Bank to support the deal.

Earlier in September, Green Arrow held a final close for its third buyout fund, Green Arrow Private Equity 3, on €230.6m.

The GP was founded in 2012 by a consortium of entrepreneurs including Eugenio de Blasio, Daniele Camponeschi, Stefano Russo and Francesco Giovannini. The consortium was joined by Luisa Todini at the end of 2016, who became a partner and shareholder in the firm.

Company
Headquartered in Leinì and established in 1973, Seven is an Italian backpacks maker controlled by the Di Stasio family. It offers bags and accessories, with products including wheeled bags, pencil cases, reversible backpacks, shoulder bags and customised bags. The company bought the brand Invicta, which specialises in manufacturing school backpacks and rucksacks, in 2006. Seven reported a turnover of €80m in its last financial year and aims to reach €100m in revenues in the next five years.

People
Green Arrow Capital – Eugenio De Blasio (founding partner, CEO).
Seven - Aldo Di Stasio (CEO).

Advisers
Equity - KPMG Italia (corporate finance); Accinni, Cartolano e Associati (legal).
Company - Lazard (corporate finance); Gattai Minoli Agostinelli & Partners (legal); Cavalitto Broccio (tax).

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