GRUPPO FLORENCE acquired by 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 [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Retail & Consumer sector (11.9x).
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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
€1–10bn
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
Similar deals in Luxury Goods
Similar deals in Luxury Goods
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2023 | Fiskars Group | Georg Jensen | DENMARK | Watches & Jewelry |
| 07/2023 | KERING | VALENTINO | ITALY | Fashion & Leather Goods |
| 03/2023 | BRIDGEPOINT | Monica Vinader | UNITED KINGDOM | Watches & Jewelry |
| 11/2022 | PENINSULA CAPITAL / PERCASSI | MC2 SAINT BARTH | ITALY | Fashion & Leather Goods |
| 07/2022 | AMF GROUP | CHAINES ET CIE | FRANCE | Luxury Supply Chain |
| 06/2022 | AMF GROUP | ITALCATENE | ITALY | Luxury Supply Chain |
| 06/2022 | G-III APPAREL GROUP | KARL LAGERFELD | FRANCE | Fashion & Leather Goods |
| 03/2021 | EXOR | CHRISTIAN LOUBOUTIN | FRANCE | Fashion & Leather Goods |
| 12/2020 | LVMH | TIFFANY & CO | UNITED STATES | Watches & Jewelry |
| 07/2019 | ALPHA PRIVATE EQUITY | AMF GROUP | ITALY | Luxury Supply Chain |
Other operations with PERMIRA
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2026 | PERMIRA / WARBURG PINCUS | CLEARWATER ANALYTICS | UNITED STATES | Financial Services / Banking |
| 01/2026 | PERMIRA | CARNE GROUP | IRELAND | Healthcare Services |
| 11/2025 | PERMIRA | JTC | UNITED KINGDOM | Wealth & Asset Management |
| 10/2024 | PERMIRA | K-WAY | FRANCE | Fashion & Apparel |
| 10/2024 | PERMIRA | SQUARESPACE | UNITED STATES | Software |
| 09/2024 | PERMIRA | HOTEL ENGINE | UNITED STATES | Travel / Hospitality |
| 06/2024 | PERMIRA | PHARMACORD | UNITED STATES | Health Tech |
| 12/2023 | PERMIRA | GGW GROUP | GERMANY | Brokerage |
| 09/2023 | PERMIRA | ERGOMED | UNITED KINGDOM | CRO / Clinical Trials |
| 01/2023 | PERMIRA | ACUITY KNOWLEDGE PARTNERS | UNITED KINGDOM | Strategy & Management |
REFERENCES
Valuation range: EV €1–10bn
Revenue range: €450–900M
EBITDA range: €100–200M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GRUPPO FLORENCE by PERMIRA 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.
Press release: view release
Target: gruppo florence
Acquirer: permira