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10/2025

BENELLI ADEMARO acquired by AMF GROUP

ITALY Luxury Goods / Luxury Supply Chain REV 5M - 25M EUR

Context

The transaction involves the acquisition of Benelli Ademaro by AMF Group, a portfolio company of Alpha Private Equity. The sellers have agreed to reinvest a portion of their proceeds into the AMF Group, following the established "partnership" model used by the group in previous acquisitions. This deal marks a significant expansion of AMF’s footprint in the strategic Scandicci leather goods district, enhancing its proximity to the workshops and manufacturing centers of major luxury houses. The rationale is focused on achieving industrial and commercial synergies by integrating Benelli’s specialized product development skills and local market relationships with AMF’s large scale production facilities and advanced laboratories. This acquisition further consolidates the European luxury supply chain, with the combined group now reaching a turnover exceeding 130. By incorporating Benelli Ademaro, AMF strengthens its position as a primary Tier 1 supplier, capable of offering a broader range of technical solutions and increased reliability to its luxury clients.

By taking control of Benelli Ademaro, Amf Group continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Chaines Et Cie in 2022.

BENELLI ADEMARO, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with 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

Benelli Ademaro is a specialized Italian manufacturer of high end metallic components and hardware for the international luxury fashion market. Based in Scandicci, the heart of the Tuscan leather goods district, the company focuses on the development and production of metal accessories that serve as critical decorative and functional elements for leather handbags, footwear, and apparel. Its business model is centered on a high level of service and product development capability, acting as a technical partner to major luxury maisons. The company differentiates itself through its ability to transform creative concepts into industrial reality, ensuring strict quality standards and reliability for small and medium series production. By maintaining a strong presence in the Scandicci district, it leverages local craftsmanship and industrial proximity to the production sites of global fashion brands, allowing for rapid prototyping and agile supply chain responses.

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Historical Financials (EUR)

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2024
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REFERENCES

Revenue range: 5M - 25M EUR

EBITDA range: 0M - 5M EUR

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

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).