The transaction involves the acquisition of a majority stake in Italcatene by AMF Group, a portfolio company of Alpha Private Equity. The founding Tozzi family will retain a minority interest and continue to lead the operational management of the business in coordination with the AMF leadership team. This acquisition represents a strategic horizontal integration for AMF, allowing the group to add specialized chain manufacturing to its existing portfolio of luxury accessories like buttons and fasteners. The rationale is driven by the ongoing consolidation trend in the Italian luxury supply chain, where scale is becoming increasingly vital to meet the rigorous sustainability and volume demands of global luxury conglomerates. By integrating Italcatene, AMF expands its technical capabilities into new product categories while leveraging its established commercial network to scale Italcatene's market reach. The partnership is expected to generate significant industrial synergies by combining AMF's technological expertise in metal injection molding with Italcatene's specialized finishing and chain production techniques.

This transaction is part of the Retail & Consumer industry, which currently tracks an average EBITDA multiple of 10.9x since the beginning of 2026, 10.3% decrease compared to 2025. This data is based on the contribution of our growing community, composed of M&A and private equity professionals.