Investcorp acquires Dainese for €130m

Following completion of the deal, the company will look to expand internationally and invest in product development.

Previous owner Lino Dainese will retain a minority stake in the company. He will focus his attention on the D-Air product, a system designed to recognise dangerous falls and deploy airbags around motorcyclists' bodies.

Investcorp stated it was attracted to the company by its market share within a large industry, brand recognition and status as a founder-owned business.

Company
Headquartered in Vicenza and founded in 1972, Dainese is a producer of protective clothing for use in motorcycling, biking, winter sports and horse riding. The company also owns protective helmet brand AGV, as well as a research and development centre and a technology centre.

People
Hazem Ben-Gacem is head of Investcorp's European corporate investment team. Lino Dainese, founder and president of Dainese, will retain a seat on the board.

Advisers
Equity – Gattai Minoli Agostinellie Partners (Legal); EY (Financial due diligence); MediaBanca (M&A).

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