{"id":210243,"date":"2022-03-14T13:50:13","date_gmt":"2022-03-14T20:50:13","guid":{"rendered":"https:\/\/www.asphaltandrubber.com\/?p=210243"},"modified":"2022-03-21T11:34:53","modified_gmt":"2022-03-21T18:34:53","slug":"dainese-acquired-the-carlyle-group","status":"publish","type":"post","link":"https:\/\/www.asphaltandrubber.com\/news\/dainese-acquired-the-carlyle-group\/","title":{"rendered":"Dainese Acquired by The Carlyle Group for \u20ac630 Million"},"content":{"rendered":"

After three years of shopping it around<\/a>, Investcorp has finally sold the Dainese group of brands, with The Carlyle Group (an American private equity firm) purchasing the Italian apparel manufacturer for a reported \u20ac630 million.<\/p>\n

That number represents a nearly 5x return from the \u20ac130 million that Investcorp spent<\/a> when it purchased 80% of Dainese SpA from founder Lino Dainese in 2014 – making the venture quite a profitable one for the Bahraini firm.<\/p>\n

According to its press release<\/a>, Investcorp doubled Dainese’s sales while the brand was under its ownership, with yearly revenue pegged around \u20ac250 million. Dainese also bought Italian boot-maker TCX during the same time period<\/a>, adding to the holdings, which already includes the AGV helmet brand.<\/p>\n

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