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03/2024

AUTRY INTERNATIONAL acquired by STYLE CAPITAL

ITALY Consumer Products / Fashion & Apparel EV 500M - 1.5b EUR

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 in 2023, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.2x).

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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).

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
2022

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REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AUTRY INTERNATIONAL by STYLE CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: autry international

Acquirer: style capital