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|11-05-2014, 11:10 AM||#1|
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Investcorp acquires 80 of Dainese for 130 million
Founder Lino Dainese retains remaining 20
INVESTCORP announced today it has bought a large stake in Dainese.
The leading global provider and manager of alternative investment products has bought 80% of the Italian motorcycle gear retailer for €130 million (£101 million).
Mr. Lino Dainese, founder of the Italian firm, will remain on the board with his minority stake in the company.
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.
'I also believe that their support will enable me to refocus on my passion, driving forward technological advances in our product line and, in particular, the D-Air® system.’
Hazem Ben-Gacem, Head of Investcorp’s European corporate investment team, said: ?’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.
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