INVESTINDUSTRIAL takes majority stake in ARTSANA
Context
Private equity sponsor Investindustrial, led by Andrea Bonomi, has entered into a binding agreement to acquire a 60% controlling equity stake in Artsana Group. Structured to ensure seamless operational continuity, the founding Catelli family (previously the sole owners of the business) will roll over a significant portion of their equity to retain a 40% minority position. Furthermore, Michele Catelli will remain Chairman of the board, and Claudio De Conto will continue to serve as Chief Executive Officer. The leveraged buyout is supported by a debt financing package provided by UniCredit (acting as global coordinator and mandated lead arranger), alongside BNP Paribas and Natixis as mandated lead arrangers. The sell-side was advised by Lazard, while the acquirer was advised by UniCredit (financial), PWC (financial due diligence), and Bain & Co (commercial due diligence). The strategic partnership is explicitly designed to accelerate Artsana's ambitious international expansion and growth trajectory. By injecting significant human and financial capital, Investindustrial intends to propel the company toward new corporate milestones while preserving a heavy emphasis on R&D to drive continuous product innovation. Additionally, the sponsor will assess the future strategic direction of Artsana's existing joint venture with Italian toy manufacturer Giochi Preziosi, which operates prominent retail networks including Toy Center, Bimbo Store, and Prénatal.
ARTSANA, which reported an EBITDA margin of [members only] in 2015, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a discount to the average currently observed in the Retail & Consumer sector (11.9x).
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Target
Artsana is a European industrial group active in consumer products dedicated to early childhood and family care, structured around an integrated brand portfolio spanning baby care equipment, infant health, toys and specialised retail distribution. The group operates across both B2C and B2B2C segments, characterised by high sensitivity to distribution channels and multi-market exposure. Its portfolio includes established brands such as Chicco, Prénatal, Toys Center and Fiocchi di Riso, covering complementary categories from birth to early childhood. This structure enables broad value chain coverage, combining product development, retail distribution and omnichannel presence across multiple European and international markets. The group maintains a significant international footprint, with a consolidated presence in Europe and a growing exposure to global markets, representing a structural component of its activity base. This reach is supported by integrated distribution networks and local commercial partnerships, enabling adaptation to diverse regulatory and market environments.
Ent. Value
€1–10bn
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with ARTSANA
Other operations with ARTSANA
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2026 | INVESTINDUSTRIAL | ARTSANA | ITALY | Personal & Household |
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Other operations with INVESTINDUSTRIAL
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2026 | INVESTINDUSTRIAL | ARTSANA | ITALY | Personal & Household |
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REFERENCES
Valuation range: EV €1–10bn
Revenue range: €1–10bn
EBITDA range: €100–200M
EV/Revenue range: below 1.5x
EV/EBITDA range: 10x - 18x
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: artsana
Acquirer: investindustrial