Consilium acquires Manifattura Riese in management buy-in

Following completion of the deal, the business will seek to expand its product range and extend its international distribution network.

According to the GP's website, the deal marks the maiden investment of Consilium Private Equity Fund III, a 2013-vintage vehicle.

The fund, which has a €150m target and €200m hard-cap, held its first close on €95m in February last year after just three months on the road. It has raised €133m to date.

Company
Founded in 1961 and headquartered in Rio Saliceto in the northern Italian region of Emilia-Romagna, Manifattura Riese is a manufacturer of men's leisurewear. The company currently has licensing agreements with two Chinese retailers for the provision of underwear products. It generated a turnover of €35m in 2014.

People
Antonio Glorioso is a partner at Consilium.

Advisers
Equity – Gattai, Minoli Agostinelli & Partners (Legal); KPMG (Financial due diligence); CBA (Tax).
Company – Cortellazzo & Soatto, Massimo Bertoni (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Consumer
• Southern Europe
• Italy
• Consilium