Morellato spa, the well-known brand of jewelery and watches, could end up in the portfolio of a private equity fund, Mergermarket writes, adding that shareholders, after receiving a series of advances from the funds, have given a mandate to Unicredit to evaluate possible options. On the table, however, there would be only a minority share. Currently the company is controlled by the family of ceo and chairman Massimo Carraro.
Morellato reached 165.4 million euros in net revenues in 2017, an ebitda of 23.1 million euors and a net financial debt of 21.9 millions (see here the Leanus analysis, after registering for free).
In the license portfolio there are brands such as Furla, Maserati and Trussardi, while among the distribution brands Police, Ice Watch, Scuderia Ferrari, Tommy Hilfiger and Timberland. Among the property brands there are Morellato, Sector No Limits, Philip Watch, Lucien Rochat and Chronostar.
Founded in Venice in 1930, Morellato was born as a small workshop for watches and jewelery, but now operates in 45 countries worldwide and boasts an export share of 40%.