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Equity firm Tamburi Investment Partners (TIP) has acquired a 25 per cent stake in Limonta, a leading European textile company, for €89 million, partly through a share capital increase and partly through the purchase of shares. Limonta has a complete textile supply chain, which is combined with resin coating, coating, coagulation and printing technologies.
The execution of the transaction is expected by the end of 2021, the two companies said in a joint media release. The Limonta family and TIP have also agreed to foresee the listing of Limonta on the stock exchange in the medium term.
The operation aims to support the ownership and management in the growth path of the group – also for external lines – so that Limonta can take on the role of aggregator in the high value-added textile sector in Italy.
Equity firm Tamburi Investment Partners (TIP) has acquired a 25 per cent stake in Limonta, a leading European textile company, for €89 million, partly through a share capital increase and partly through the purchase of shares. Limonta has a complete textile supply chain, which is combined with resin coating, coating, coagulation and printing technologies.
Limonta is one of the leading European groups in the high-end textile sector with an estimated turnover for 2021 of over €160 million and about 850 employees. It offers plain, jacquard and coated fabrics for clothing, accessories and furnishings.
In addition, the company has developed skills, know-how and a wide range of processes and innovative technical solutions which, combined with a consolidated orientation towards ESG issues – in terms of respect and protection for the environment, social initiatives and for employees and responsible management of the supply chain – allow it to be one of the strategic partners of the major international luxury houses.
Fibre2Fashion News Desk (KD)
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