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 motorcyclists’ bodies.
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.
Portronics, one of India’s leading gadget brands, launches the Vayu 7.0 — a sleek, multi-functional tyre inflator designed for today’s on-the-go lifestyle. Ideal for both short commutes and long road ...
Uno Minda, a leading tier 1 supplier of proprietary automotive solutions to Original Equipment Manufacturers (OEMs), has launched its advanced, bright, and focused headlights for 7-Seater cars in the ...
Pure, a pioneer in energy storage products and leader in e-mobility 2W announced the launch of battery-based 5 MWh grid storage product, PuREPower Grid, in Delhi. This innovative product is poised to...