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3i buys leading Italian toy firm

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3i has announced that it has acquired a 40% stake in Giochi Preziosi, the leading Italian toy company. Claudio Luti’s Felofin shareholding will sell its 40% stake to 3i, while Enrico Preziosi’s Fingiochi will retain 53.4%, Fabrizio Bertola’s Valtidone 6%, and Giochi Preziosi’s management 0.6%.

The new managerial team of Giochi Preziosi SpA, a Gruppo Giochi Preziosi holding company, will include Enrico Preziosi as chairman, and Massimo Alberti and Dario Bertè will retain their positions as managing directors. 3i’s Sergio Sambonet, Marco Fumagalli and Marco Termini will all become members of the board, Sergio Sambonet as vice chairman.

Giochi Preziosi is the second largest European toy company after Lego, and fourth in the world behind Lego, Mattel and Hasbro. The development plan will see its quotation on the stock exchange within three years as it consolidates its leading position in the European market with a turnover of EUR 18bn, and the strengthening of its position in the world market valued at around EUR 50bn.

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