DGPA backs L’Autre Chose
Italian private equity house DGPA has acquired a 55% stake in footwear brand L'Autre Chose for €8m, according to reports.
The transaction is in line with the investor's focus on the fashion and accessories sector. DGPA invests €5-15m in companies with a turnover of €20-100m. The founding family retains a minority stake in the company.
Company
Founded in 1987 by the Boccaccini family and based in Milan, L'Autre Chose is a footwear brand belonging to the Boccaccini group. The firm reports a €19m turnover, almost double the 2009 figure.
People
Roberto Benaglia is managing partner at DGPA.
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