An industrial center that brings together excellences of the made in Italy supply chain, active in the finishing and materials segment for luxury products. And it works with top-of-the-range international big brands. Minerva hub, this is the name of the group, was born from the merger between Matteo Marzotto’s Ambria Holding and Xpp Seven, a group headed by the private equity fund Xenon.
Objective: to enhance and protect the supply chain
Two realities that, in turn, had already begun before the pandemic to aggregate small businesses with the aim of making them more solid and competitive: “Since our first meeting, in May 2021, we have worked to build this group that has a model of industrial-artisanal organization and wants to be an expression of the best Italian know-how and creativity », explains Matteo Marzotto. That he trusts in the excellence of the supply chain also to overcome the present moment: “I have been working in this area for 30 years and I am optimistic: fashion is a resilient sector and Italy has a lot to give”.
Six companies that will rise to nine by the end of 2022
At the time of its establishment – against an operation that “amounts to approximately the value of the turnover”, and therefore exceeds 101 million euros – the group is owned 51% by Xpp Seven and 22% by Ambria Holding ( the remaining shares are fragmented) has 1,000 customers including the top high-end fashion brands and 434 direct employees. Minerva Hub brings together six companies: Galvanica Formelli and Zeta Catene (both from Arezzo), Zuma Pelli Pregiate (Pisa), Koverlux (Bergamo), Quake (Vicenza), Sp Plast Creating (Fermo). The goal is to acquire three new realities by the end of 2022.
“We have interpreted fragmentation as an opportunity – explained Franco Prestigiacomo, CEO of Xenon PE – and we have decided to create a more solid and strong interlocutor that can better respond to the needs of the major brands it works with”. There is no shortage of development prospects and the fund is ready «to remain as long as it is possible to make this industrial project grow and create value. Long-term investments do not scare us », concludes Prestigiacomo.
The advantage of “contamination” between the companies involved
The companies that enter the orbit of Minerva Hub sell 100% of the ownership but reinvest in the holding: “The companies are actively involved in our project -chiosa Gianfranco Piras, president of Xpp Seven – because we, in fact, do a job of cross contamination: we put the abilities of companies at the service of others, trying to offer innovative solutions “.