RIELLO INVESTIMENTI PARTNERS SGR Spa has completed the acquisition of 65% of GARMONT INTERNATIONAL Srl. Of the remaining 35%, Pierangelo Bressan, current President and CEO, holds 30% and will continue in his present role, and Terry Urio holds 5% and will also continue in his role as CFO.
The acquisition was concluded by the Italian Strategy Private Equity (ISPE) fund, the third private equity fund managed by the SGR.
GARMONT INTERNATIONAL, based in Vedelago (Treviso, Italy), is a premiere manufacturer of performance footwear for mountaineering, hiking and other outdoor pursuits, as well as tactical footwear. The products are characterised by innovative technologies, top quality materials and design. With a turnover of over €20 million, the brand is distributed in more than 40 countries worldwide.
Andrea Faoro, partner of Pedersoli Studio Legale acted as legal counsel, Deloitte and Touch partners Davide Ganzer and Valentina Santini acted as financial and tax advisors, Roland Berger partners Francesco Campagna and Alfredo Alpaia provided management consultancy. Financing was structured by MPS Capital Service, with legal assistance provided by Orrick Herrington & Sutcliffe LLP. M&A support was provided by DC Advisory with partner Alberto Vigo.
The sellers were assisted by Studio Bordin of Montebelluna (TV).