The offers for the Sergio Rossi group owned by Investindustrial are ready to reach the advisor Rothschild the day after tomorrow. The dossier is being examined by both strategic groups and financial players. In particular, among the names that circulate, cited by Mergermarket, there are those of the Style Capital funds, Ergon Capital Partners, Star Capital. Then on the dossier there would be some Asian and Persian Gulf family offices and funds. Among the strategists, it seems less likely that the dossier will be of interest to the French luxury giants, but more to some Asian conglomerates.
After all, Investindustrial bought Sergio Rossi in 2015, investing around 100 million euros, including a capital increase for the relaunch of the company, which was valued at 70-80 million. It was the luxury giant Kering who sold at that time. Sergio Rossi needs a continuation of the turnaround. It closed 2019 with revenues of 66.5 million euros, a negative ebitda of 1.6 million and a net loss of 15.8 million, added to the losses of previous years. Also in 2020, the year of Covid, the company closed at a loss, while a breakeven would be expected in 2021.
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