Argos Wityu acquires Via Delle Perle

Argos Wityu acquires Via Delle Perle

Argos Wityu acquires Via Delle Perle green_squares


Milan, 31 May 2013 – Argos Wityu announces the completion of the acquisition of a majority stake in Via Delle Perle S.p.A., historic trademark of premium womenswear.

image_via_delle_perle_02The investment happened in a continuity context, since the former shareholders and founders, Edmondo Tirelli, Nunziella Saltini, Glauco Verrini, will have a minority stake and keep the same operating roles.

The transaction is based on a 5-year plan whose pillars consist in: a greater internationalization of the company, also through the penetration in new geographies, the opening of new multibrand stores and the enrichment of the product offering, also through accessories.

The three founders of the company, Edmondo Tirelli, Nuziella Saltini and Glauco Verrini, commented through the words of its president Tirelli: “The entrance of the fund is functional to a greater internationalization of the company also through new investments aimed at transforming VDP in a truly global brand”

Chistopher Bizzio, new CEO of the company, commented “since the beginning, there has been a great feeling with the company’s founders and the entrance of Argos Wityu aims at consolidating the International presence and further develop the company also by penetrating new markets and geographies

Alessio Manigrasso, Investment Manager of Argos Wityu, commented: “Via Delle Perle is a project of great potential in one of the most promising sectors in the current Italian economic context. The objective is to develop VDP’s presence  in the International markets by leveraging on an excellent Made in Italy product that is very well appreciated in foreign countries. To reach this ambitious goal, a very skilled management team is currently rising and this is the best ingredient in such type of transactions that are characterized by  the mixture between the consolidated experience of the founding shareholders, the new managerial competences brought by the new CEO and the fund, new financial and strategic partner that will support the company in its evolution”.

Jean Pierre Di Benedetto, Managing Partner of Argos Wityu, commented: ”against the current evolution, where many foreign investors escape from Italy, Argos Funds have increased their investments in Italy and intend to keep investing. The acquisition of VDP, that follows two other important Italian investments, demonstrates that even in difficult times it is possible to find healthy, growing and well managed companies that require clever capital to quicken their development path”.

 

About Via Delle Perle

Founded in 1984, Via delle Perle is based in Carpi (MO, Northern Italy) and designs, produces and distributes a premium total-look womenswear apparel (mainly knitwear);

In 2000, VDP launched its own brand Via Delle Perle that develops three collections:

  • VDP Collection, very refined and elaborated, for an elegant woman in every hour of the day;
  • VDP Club, a new concept of luxury casual wear,  a true “gym-couture”;
  • VDP Beach, a luxury out-of-water collection.

In 2004 VDP enters the  Russian market, both through the multibrand channel and also through the opening of the first monobrand store in Moscow. In 2009 VDP enters the Chinese market through the opening of the first flagship store in Shenzhen.

Today, VDP collections are sold through multibrand stores (apx. 300 shops in Italy and 350 in foreign countries, like Russia, Middle East, China and France), 7 flagship stores (in Russia, Ukraine, China and Tenerife) with next openings in Jeddah.

The design and the development of the collections is internal and the production is totally Made in Italy.

In 2012, VDP registered sales for apx. 40 million Euro, with a strong International focus (over 60% of revenues comes from foreign countries).

 

About Argos Wityu

Argos Wityu is an independent European private equity group with offices in Paris, Milan and Geneva. Since its creation in 1989, Argos Wityu has carried out more than 50 transactions focusing on management buy-outs and buy-ins in small and medium companies. Argos Wityu typically takes majority stakes ranging from €10m to €60m in companies with revenues of €20m to €400m.

The deals recently carried out by Argos Wityu in Italy are Fis-Antex (payroll services), Dimar (food distribution), Bellco (biomedical), Termoindustriale (green energy). During its life Argos has carried out more than 50 deals.

In 2010, Argos announced the first and final closing of Argos Wityu VI fund, with a total commitment of € 400 mln, which will be invested in the next 5 years maintaining the same strategy: accompany the medium sized companies in growth, in partnership with entrepreneurs and management.

www.argos-soditic.com

Argos Wityu: Jean Pierre di Benedetto (Partner), Alessio Manigrasso (Investment Manager), Pierluigi Rotundo (Analyst)

VDP: Edmondo Tirelli (President), Nuziella Saltini (Art Director), Glauco Verrini (CFO).

Buy-side Advisors:

  • Accounting Advisor: KPMG
  • Business Advisor: Bain
  • Legal Advisor:  d’Urso Gatti Bianchi e Associati  S.p.A.
  • Tax Advisor: TFP & Associati

 

Sell-side Advisors:

  • M&A: Studio Barbara Giannelli
  • Legal Advisor: Bird&Bird & Marcello Benetti
  • Tax Advisor: Studio Co.Ge.As

 

Contacts:

Argos Wityu: Alessio Manigrasso (Investment Manager) tel. +39 0200660708, amanigrasso@argos.wityu.fund

Press : Céline Lanoux, tél. +33 1 53 67 20 50, clanoux@argos.wityu.fund

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