ATHENA HOLDING takes majority stake in TESSILBIELLA

Tessilbiella has been acquired by Athena Holding, which now holds a 70% equity interest in the company following a capital increase financed by a consortium of investors and a senior loan from Intesa Sanpaolo. The transaction concluded after Athena Holding, together with several family offices and individual investors, subscribed to new shares issued by Aracne Holding, the direct shareholder of Tessilbiella, thereby consolidating control while the Crosa family retained a 30% stake and continued operational responsibilities. The acquisition aligns with Athena Holding's strategy to invest in businesses that combine technical specialization with premium market positioning. By securing a majority position, Athena gains the ability to influence strategic decisions, support capacity expansion, and pursue potential bolt‑on acquisitions that complement Tessilbiella's existing product range. The investment also provides the target with additional financial resources to enhance its dyeing and finishing capabilities, accelerate product innovation, and broaden its client base within the luxury fashion segment. Post‑transaction, Tessilbiella is expected to integrate Athena Holding's financial oversight and governance structures while preserving its family‑led management model. The infusion of capital and access to Athena's network are projected to strengthen the firm’s supply chain resilience, enable scaling of production volumes, and reinforce its position as a supplier of high‑quality luxury fabrics across Europe and beyond.