Made in Italy Fund (Fine Sun) Acquires Majority Stake in COVER50 (PT Torino)
March 15, 2023
Made in Italy Fund, through its holding company Fine Sun, agreed to acquire a 74.4% stake in COVER50 (owner of the PT Torino brand) from Fhold, with Fhold reinvesting for a 20% stake and Edoardo Fassino remaining operationally involved. The deal (€13.50 per share) precedes a mandatory public offering to purchase the remaining shares and aims to delist COVER50 while accelerating PT Torino's international expansion and strengthening digital and retail channels via synergies with the Fine Sun group.
- Buyers
- Made in Italy Fund (managed by Quadrivio & Pambianco), Fine Sun (industrial holding controlled by Made in Italy Fund)
- Targets
- COVER50 (PT Torino)
- Sellers
- Fhold
- Industry
- Consumer Products
- Location
- Piedmont, Italy
- Transaction Type
- Buyout
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