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04/2015

ROBERTO CAVALLI acquired by CLESSIDRA SGR / L-GAM

ITALY Luxury Goods / Fashion & Leather Goods EV 300M - 700M EUR

Context

The acquisition of Roberto Cavalli by Clessidra SGR and its co-investors marks a significant transaction in the luxury fashion industry. The deal is driven by a strategic rationale to support the growth and development of Roberto Cavalli, leveraging the resources and expertise of the acquirers to expand the brand's global presence and improve its operational efficiency. The transaction is expected to have a positive impact on the market, as it will enable Roberto Cavalli to maintain its unique style and brand identity while benefiting from the financial and managerial support of its new owners. The deal also highlights the increasing interest of private equity funds in the 'made in Italy' sector, with a focus on supporting the growth and development of Italian luxury brands. With a strong management team in place, including Francesco Trapani as Chairman and Renato Semerari as CEO, Roberto Cavalli is well-positioned for future growth and expansion. The company's plans for international growth will be focused on preserving its brand identity and unique style, while exploring new opportunities for expansion into emerging markets. The transaction is subject to closing conditions and is expected to be completed in the upcoming weeks.

ROBERTO CAVALLI, which reported an EBITDA margin of in 2014, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.2x).

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Target

Roberto Cavalli is a renowned Italian fashion brand founded in Florence in the 1970s. The company has become a benchmark in the international luxury goods market, boasting an extensive network of approximately 200 mono-brand boutiques worldwide. Roberto Cavalli's product portfolio encompasses a range of high-end and casual clothing lines, including 'Roberto Cavalli', 'Just Cavalli', 'Cavalli Class', and 'Roberto Cavalli Junior' collections. The brand also offers a wide range of licensed products, such as bags, sunglasses, watches, shoes, jewelry, and fragrances. Additionally, Roberto Cavalli has a notable presence in the hospitality sector through its network of Cavalli Clubs and Cavalli Cafes, as well as a prestigious 'Home Collection'. With a strong global awareness and unique style, Roberto Cavalli has established itself as a leading player in the luxury fashion industry.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2014
2013

Similar deals in Luxury Goods

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2016G-III APPAREL GROUPDONNA KARANUNITED STATESFashion & Leather Goods
02/2016PiperMonica VinaderUNITED KINGDOMWatches & Jewelry
02/2014BLACKSTONEVERSACEITALYFashion & Leather Goods
07/2013KERINGPOMELLATOITALYWatches & Jewelry
07/2013LVMHLORO PIANAITALYFashion & Leather Goods
10/2012PAI PARTNERSMARCOLINITALYLuxury Supply Chain
07/2012MAYHOOLAVALENTINOITALYFashion & Leather Goods
06/2011EURAZEOMONCLERITALYFashion & Leather Goods
03/2011LVMHBULGARIITALYWatches & Jewelry
08/2008VSP VISIONMARCHON EYEWEARUNITED STATESLuxury Supply Chain

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 150M - 250M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ROBERTO CAVALLI by CLESSIDRA SGR / L-GAM 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: roberto cavalli

Acquirer: clessidra sgr / l-gam