Milano (MI), Italy - 06-24-2017
CP Advisors advised Mario Pretto Finanziaria’s shareholders on the sale of Pasubio and Arzignanese to CVC Capital Partners
CVC Capital Partners entered into agreements to purchase 100% of Mario Pretto Finanziaria, the holding company of the Pretto’s family controlling 100% of Conceria Pasubio and Arzignanese, leading producers of high quality leather products for the most important and premium automotive brands.
Founded over 50 years ago, the Group is based in Arzignano (Vicenza) and has established itself as the undisputed leader in the production of leather solutions to the automotive industry with a high level of quality, innovation and operational excellence. In 2016, the Group generated revenues in excess of € 290 million with an EBITDA of € 30 million. Over 80% of the business is generated overseas by providing leather for the interior of the most prestigious luxury car brands, including Bentley, Porsche, Lamborghini, Jaguar Land Rover, BMW, Ferrari, Maserati, Alfa Romeo, VW, etc.
CP Advisors acted as the exclusive financial advisor to Mario Pretto Finanziaria’s shareholders in the sale process which resulted in the divestiture of Conceria Pasubio and Arzignanese to CVC Capital Partners, the largest European private equity group with over € 16 billion of available funds.