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11/2022

MC2 SAINT BARTH acquired by PENINSULA CAPITAL / PERCASSI

ITALY Luxury Goods / Fashion & Leather Goods REV 5M - 25M EUR

Context

Peninsula Capital and the Percassi Group acquired a 40% stake in Lanikai S.r.l., the owner of the MC2 Saint Barth brand. The founders, Massimiliano Ferrari and Raffaele Noris, retained a 60% majority. The partnership aims to accelerate the brand's international expansion, leveraging Percassi's retail expertise to open new mono-brand boutiques in the US (Los Angeles), Middle East, and Asia. At the time of the deal, the brand operated 53 boutiques and had a strong e-commerce presence (25% of sales).

MC2 SAINT BARTH, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (10.9x).

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Target

Founded in 1994 by Massimiliano Ferrari and Raffaele Noris, MC2 Saint Barth is a high-end Italian beachwear brand. Inspired by the chic and relaxed atmosphere of St. Barth, the brand offers vibrant collections for men, women, and children. Beyond its iconic swimwear, the group has expanded into year-round apparel (winter sweaters, accessories) with a strong international retail and wholesale presence.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
2020

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07/2022AMF GROUPCHAINES ET CIEFRANCELuxury Supply Chain
06/2022AMF GROUPITALCATENEITALYLuxury Supply Chain
06/2022G-III APPAREL GROUPKARL LAGERFELDFRANCEFashion & Leather Goods
03/2021EXORCHRISTIAN LOUBOUTINFRANCEFashion & Leather Goods
12/2020LVMHTIFFANY & COUNITED STATESWatches & Jewelry
07/2019ALPHA PRIVATE EQUITYAMF GROUPITALYLuxury Supply Chain
10/2016LVMHRIMOWAGERMANYFashion & Leather Goods
07/2016G-III APPAREL GROUPDONNA KARANUNITED STATESFashion & Leather Goods

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 MC2 SAINT BARTH by PENINSULA CAPITAL / PERCASSI 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.

Acquirer: peninsula capital