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GRUPPO FLORENCE

Acquired by

PERMIRA

ITALY Luxury Goods EV [500m EUR - 1b EUR] 05/2023

Target

GRUPPO FLORENCE

Acquirer

PERMIRA

Context

Permira acquired a majority stake in Gruppo Florence. The sellers included VAM Investments, Fondo Italiano d'Investimento, and Italmobiliare. While Italmobiliare exited fully, VAM Investments, Fondo Italiano, and the founding families of the acquired SMEs reinvested significantly alongside Permira to retain a minority stake.

GRUPPO FLORENCE, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 10.9x average currently observed in the Retail & Consumer sector.

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

Gruppo Florence is Italy s leading integrated Corporate platform for the luxury fashion industry. Founded in 2020, it aggregates high-quality family-owned manufacturers (SMEs) serving top global luxury brands. At the time of the deal, the group comprised 26 companies specialized in ready-to-wear, leather goods, and shoes, preserving "Made in Italy" craftsmanship.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
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EBITDA
EBIT
2022
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2021
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Other operations with GRUPPO FLORENCE

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.