VAM Investments and Fondo Italiano d’Investimento created the Florence Group

Fineurop Soditic acted as exclusive financial advisor to VAM Investments and Fondo Italiano d’Investimento SGR in the acquisition of a majority stake in Giuntini S.p.A., Ciemmeci Fashion S.r.l. and Mely’s Maglieria S.r.l., for the creation of the holding company Florence S.p.A., the first luxury clothing production center in Italy.

The target companies are all based in Tuscany and they are active in the manufacture of luxury clothing, outwear, leather garments and knitwear for Italian and international top brands.

Florence will own 100% of the three companies and will be controlled, for about 65% by the consortium led by VAM Investments and Fondo Italiano d'Investimento. Italmobiliare is among the investors in the consortium.

Florence, with around 700 employees, is expected to reach sales of over Euro 150 million.

Florence’s industrial project aims to develop a platform leader also at an international level in the supply of high-quality products for the most important brands of fashion.

 

All transactions