Investcorp, a private equity investor, said it has acquired an Italian manufacturer and retailer of extreme sports protective clothing – Dainese.
The deal which has been signed at an enterprise value of €130 million, will see the founder Lino Dainese, retain a minority stake in the company.Investcorp, a private equity investor, said it has acquired an Italian manufacturer and retailer of extreme sports protective clothing – Dainese. The #
Founded in 1972, Dainese is the most recognized and respected brand for safety and quality in the motorcycle and other dynamic sports market.
Originally famed for motorcycling racing wear, Dainese has also diversified in to protective gear for road and racing use, as well as for use in winter sports, biking and horse riding.
Dainese products are researched and designed at the Dainese Technology Centre (D-Tec), through which it ensures that, it remains at the forefront of innovation.
Lino Dainese, is credited with products such as the Dainese air bag (D-Air), an intelligent protection system which recognizes a dangerous fall and deploys special airbags around motorcyclists' bodies.
The founder will remain on board devoting his life long experience in safety, to develop innovative protective system for dynamic sports and everyday life.
Lino Dainese said, “It was hugely important to us to find the right partner in this period of strong development for the company.”
“I believe that, Investcorp's proven track record, global presence and network will support the Company's continued international expansion and product innovation,” he added.
Hazem Ben-Gacem, Head of Investcorp's European corporate investment team, said: "Dainese is an iconic brand with a track record of leadership in a multibillion dollar market.
“It is exactly the type of company we look to invest in: a founder managed successful business looking for a partner for the next phase of growth,” he informed. (AR)
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