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Unquote
  • Buyouts

Lion Capital buys Gruppo Menghi

  • Alessia Argentieri
  • Alessia Argentieri
  • 06 September 2019
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Lion Capital has acquired Italian shoe designer Gruppo Menghi from the founding Menghi family, who have retained a significant minority in the business.

The acquisition was made via a newco named Leopardi Holding.

In addition to the equity deployed by Lion Capital, a debt package was provided by Banca Imi and UBI Banca to support the deal.

Gruppo Menghi

  • DEAL:

    Buyout

  • LOCATION:

    Loreto

  • SECTOR:

    Clothing & accessories

  • FOUNDED:

    1980

  • TURNOVER:

    €70m (2018)

  • STAFF:

    200

Following the acquisition, co-founder and current CEO Emanuela Menghi will become president, while a new CEO will be appointed by Lion Capital.

The GP intends to support the company's growth and further strengthen its market position both in Italy and internationally.

Company
Loreto-headquartered Menghi specialises in the design and production of shoes made of PVC and rubber. The group is composed of three companies: Menghi Shoes & Co, Alemplast and Menghi Shoes. It employs 200 staff and generated revenues of €70m in 2018.

People
Lion Capital – Fabrizio Zappaterra (partner).
Gruppo Menghi – Emanuela Menghi (president).

Advisers
Equity – PwC (financial due diligence); Long Term Partners (corporate finance); Chiomenti (legal).
Company – Kon (corporate finance); Pavia & Ansaldo (legal).

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