Lion Capital buys Gruppo Menghi
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.
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).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds









