Made in Italy Fund, a private equity fund managed by Quadrivio&Pambianco through its subsidiary holding company Fine Sun, has signed an agreement to acquire a majority stake in the Italian listed company Cover 50, owner of PT Torino.
PT Torino is an international renown specialist in offering pants and denim in the high-end segment for men and women. Since 2021, the brand has been expanding its offering, offering a total look collection.
Cover 50, a company whose shares have been traded on the Euronext Growth Milan market since 2015, is headed by Pierangelo Fassino and his son Edoardo.
Distribution is concentrated on the wholesale channel, to which the e-commerce channel was recently added.
Today, five fashion companies are already part of Fine Sun: Dondup, premium jeans and fashion brand; 120%Lino, Italian company offering linen and natural fiber garments; Rosantica, a brand specializing in the production of jewel bags and precious accessories; and the sneaker brands Autry and Ghoud.
The investment by the holding company of the Fine Sun industrial group in Cover 50 is aimed at consolidating its current structure, increase the internationalization of the PT Torino brand, as well as strengthening the digital and retail channels through a global strategy that can allow the brand's further growth.
"With PT Torino we add to our portfolio a strong Italian brand that is complementary to those previously acquired, confirming the fund's strong predisposition to invest in companies that symbolize Italian excellence,” said Walter Ricciotti, managing partner of the Made in Italy Fund and co-founder of Quadrivio Group.
“We believe that this transaction represents an opportunity also for the development of the entire Fine Sun industrial group, which is increasingly able to create and promote synergies and economies of scale, making the subsidiaries even more competitive in their respective markets and especially internationally,” he added while underlining that Made in Italy fund already counts 11 acquisitions, our of those seven belong to the fashion segment.
"The size issue from all points of view will be a key factor in the coming years, and with this operation we are convinced that we have guaranteed the company a future full of opportunities and satisfaction,” he added.