AUTRY INTERNATIONAL acquired by STYLE CAPITAL
Context
Style Capital acquired a 50.2% controlling stake in Autry International from the "Made in Italy Fund" (managed by Quadrivio & Pambianco) and the founding family. The family retains a significant 42% stake, while Quadrivio reinvests for an 8% minority stake via its new vehicle "Lifestyle Fund II". The deal marks a highly successful exit for the sellers, generating a 4x Cash-on-Cash return and 75% IRR in less than 3 years. The new ownership aims to pivot the brand from a wholesale-led model to a retail-led model, with plans to open over 20 flagship stores globally.
AUTRY INTERNATIONAL, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Founded in Dallas (USA) in 1982 and relaunched in 2019 by a team of Italian entrepreneurs (the Doro family), Autry is a premium sneaker brand known for its "Medalist" model, which blends 1980s American vintage aesthetics with Italian craftsmanship. The brand experienced explosive growth, rising from EUR3m revenue in 2020 to EUR110m in 2023. It operates a wholesale-heavy model (750 doors) with a growing digital presence (~20% of sales).
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 100M - 200M EUR
EBITDA range: 25M - 50M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: autry international
Acquirer: style capital