Clessidra buys Buccellati

The founding family retains the remainder of the shares in Buccellati. Clessidra is thought to have invested around €80m to acquire the stake, and plans to grow the firm on an international scale.

Company
Founded in 1919 and based in Milan, Buccellati is a luxury jeweller and watch producer. The company is present in Italy, the US, France and the UK.

People
Claudio Sposito is president and managing director of Clessidra.

Advisers
Equity - Studio Nicoletti Gariboldi di Castri (Legal); Studio Pavia & Ansaldo (Legal).
Company - Pedersoli e Associati (Legal); Partners SpA (Corporate finance).

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• Topics
• Southern Europe
• Consumer
• Buyouts
• Italy
• Clessidra Capital Partners