Alcedo Deploys Fashion Industry, Acquires 60% Equity in Atlantic Stars

On May 16, Italian asset management company AlcedoSgrS.pA officially joined the fashion industry and acquired a 60% stake in Atlantic Stars, also emerging from Italy. AlcedoSgrS.pA's goal for this acquisition is to double the sales of AtlanticStars in the medium term.

AlcedoSgrS.pA acquired a 60% stake in AtlanticStars through the acquisition of FinestShoesS.rl and two other companies with AtlanticStars brand ownership and corporate operations. The transaction amount of both parties was not disclosed. The transaction was conducted by AlcedoSgrS.pA through its fund AlcedoIV. The Alcedo IV fund is 195 million euros, of which about 50% has been used for various types of investment. In addition to the AtlanticStars itself, the deal also covers the newly created brand, Rov, which is positioned as “Affordable Luxury” by AtlanticStars.

Upon completion of the transaction, the remaining 40% of AtlanticStars will remain with the brand's four founders AlessandroSquarzi, Cristiano Martelli, GianLucaZucchelli and MatteoZoni. The four brand co-founders will also retain their internal functions and continue to be responsible for product design, production and sales.

Thanks to the rapid development of the brand in the international market in recent years (about 35% of the company's total sales), AtlanticStars' sales in 2018 are expected to reach 17 million euros, an increase of about 25%. AtlanticStars currently has an exhibition hall in Milan, a flagship store in Tokyo, and a sales network of 500 multi-brand collection points.

About AlcedoSgrS.pA

In the mid-1980s, MaurizioMasetti, GiovanniGajo and MaurizioTiveron engaged in M&A advisory services. In 2006, the company's management acquired the company and became an independent asset management company in 2008. The team has more than 25 years of experience in the private equity sector, focusing on investing in Italy's outstanding brands without industry restrictions, actively looking for a solid foundation, high growth potential, a high proportion of export business and a good performance in the reference market. Small and medium-sized enterprises can invest. The two funds currently under management are Alcedo III (173 million euros) and Alcedo IV (195 million euros). In 2016, the company acquired the EXA Group of Arezzo, Italy, and is the “turnkey” general contractor for the luxury and fashion industry. In addition, AlcedoSgrS.pA also owns a minority stake in the famous Italian winery MasiAgricola.

About AtlanticStars

Cristiano Martelli and GianLucaZucchelli, owners of FinestShoesS.rl, founded AtlanticStars for their love of the 1980s, focusing on the design, production and sale of vintage sneakers. The brand's color is bold and innovative, and the technical details are even more amazing. The top suede fabric is used for the upper, and the sole is made of rubber supplied by the famous Italian rubber manufacturer Vibram for maximum comfort.

Editor in charge: Gao Wei