Oakley Capital backs Italian homeware designer Alessi

The investment was made via Oakley Capital Private Equity III, an €800m fund closed in 2017. The indirect contribution from Oakley Capital Investments (OCI) through its interest in its third fund will be approximately £6m.

Oakley's strategy will focus on further strengthening Alessi's market position and expanding its international presence.

Alessi is the 10th and final platform investment inked by Oakley's third vehicle. The GP held a final close for its Oakley Capital Private Equity IV fund on €1.46bn in July 2019, surpassing its €1.2bn target.

Company
Established in 1921 and headquartered in Omegna, Alessi is a designer of homeware, kitchenware and tableware products. The company reported a fall in EBITDA and revenues in the last decade, and closed 140 stores last year, reducing its staff from 300 to 215 employees. It generated revenues of around €60m in 2017.

People
Oakley Capital – Peter Dubens (managing partner).
Alessi – Alberto Alessi (president).

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