ITALY - Investindustrial acquires 65% of Stroili Oro

Investindustrial has led the acquisition of 65% of Stroili Oro, Italy’s leading jewellery retail chain. L-Capital (LVMH Group) and Ergon Capital, former shareholders of Stroili Oro, will retain a 35% shareholding. Following the acquisition, a minority of this shareholding will be syndicated to partners of Investindustrial. It is expected that 21 Investimenti, Banca Intesa Wisequity II (the private equity fund sponsored by the De Agostini / Toro group) and another limited partner of Investindustrial will co-invest in the transaction. L-Capital (part of the LVMH Group) and Ergon Capital will both remain shareholders of the company with 35% in total. The transaction size is approximately €190 million.