L Capital Management and L Capital Asia, two private equity companies sponsored by French luxury giant LVMH, have acquired a 30 pct stake of Vicini spa, owner of the Giuseppe Zanotti Design brand (download here the English press release).
The two funds will support Giuseppe Zanotti, Vicini’s Chairman and Chief Designer, into the company’s future growth in the increasingly competitive global markets.
With a network of more than 85 mono-brand stores worldwide, Vicini spa achieved a record turnover of more than 115 million euros in the fiscal year ended in October 2013 from 85 millions in 2012 with 20 millions of ebitda. Both figures are estimated to be growing in 2014.
Vicini spa was advised by Rothschild and Chiomenti law firm, while L Capital wad advised by DVR Capital and NCTM law firm.