Investcorp, a leading global provider and manager of
alternative investment products, announced that it has reached an agreement
with Lino Dainese, to acquire the specialist Italian retailer Dainese at an
enterprise value of Euros 130 million (Rs 997 crore approximately) . Dainese,
will retain a minority stake in the business alongside Investcorp.
Founded in 1972, Dainese is the most recognised and
respected brand for safety and quality in the motorcycle and other dynamic
sports market. Dainese today provides protective gear for road and racing use
alike, as well as for use in winter sports, biking and horse riding. In
addition, through the AGV brand name, Dainese is also one of the leading
protective helmet manufacturers for the motorcycle market.
The company has its
Dainese Technology Centre (D-Tec), an R&D technical centre for the study of
protective technology and the development of innovative products. Company
founder Lino Dainese, is credited with inventing products such as back
protectors, knee sliders and Dainese air bag (D-Air), an intelligent protection
system which recognises a dangerous fall and deploys special airbags around
Lino Dainese 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. 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 Dainese is an iconic brand with a track record of
leadership in a multibillion dollar market.
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