VICENZA, Italy (BRAIN) — The investment firm Carlyle has agreed to buy the Italian protective gear brand Dainese Group. Dainese offers gear for powersports and mountain biking.
Carlyle is buying the company from Investcorp and Lino Dainese. Investcorp bought a share in Dainese in 2014.
Cristiano Silei will remain as CEO of the company.
Dainese Group owns 36 destination stores across seven countries. The Group also owns AGV, a motorcycle helmet brand, and TXC, a motorcycle shoe brand.
Massimiliano Caraffa, the managing director leading consumer & retail business for the Carlyle Europe partners advisory team, said: "We were attracted by the company's unique brand identity, long heritage and leadership in innovation. Leveraging our global network and expertise in scaling consumer brands, we are excited to support Dainese in the next chapter of its growth journey, building upon its distinctive customer-centric 'head-to-toe' product offering and unmatched technical excellence."
Cristiano Silei, the CEO at Dainese Group, said: "In Carlyle, I am delighted that we have found a partner that understands and appreciates the core values and vision for growth of the Group. With their track record and expertise in this sector, I am confident that we have found the ideal partner to help achieve our ambitious goals for growth and further internationalization."
