Argos Soditic buys Via Delle Perle

The company's former owners and founders, Edmondo Tirelli, Nunziella Saltini and Glauco Verrini, will retain a minority stake in the business.

The GP intends to grow the firm internationally, open further stores and expand the firm's product offering to include accessories.

Company
Founded in 1984 and based in Carpi, Modena, Via Delle Perle designs, produces and distributes premium womenswear apparel, with a focus on knitwear. The firm has three collections, focused on daywear, gym kit and beach clothing.

In 2004, the firm entered the Russian market, following suit in China five years later. The company has around 300 stores in Italy and 350 outside of the country.
In 2012, the firm recorded sales totalling approximately €40m, 60% of which originated abroad.

People
Jean Pierre di Benedetto is a partner at Argos. He worked on the transaction alongside investment manager Alessio Manigrasso and analyst Pierluigi Rotundo.

Advisers
Equity – KPMG (Financial due diligence); Bain (Commercial due diligence); d'Urso Gatti Bianchi e Associati (Legal); TFP & Associati (Tax).
Vendor – Studio Barbara Giannelli (M&A); Bird&Bird (Legal); Studio Co.Ge.As (Tax).

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• Topics
• Southern Europe
• Consumer
• Buyouts
• Italy
• Argos Wityu