A story we have been chasing for some time now, Lino Dainese has finally found a buyer for his namesake company, Dainese. The purchaser is the aptly named private equity firm Investcorp, which is headquartered in Bahrain, and has additional offices in New York, London, Riyadh, and Abu Dhabi.
Buying 80% of the company’s stock for a reported €130 million, Investcorp’s valuation of Dainese would therefore be set at €162.5 million. The other 20% of the company is retained by Lino Dainese, himself.
“It was extremely important for us to find the right partner in this time of great development. I believe that the results, global presence, and sales network of Investcorp will support the international expansion of our company, and its continuous innovation in the products it offers,” said Dainese.
“I am also sure that their help will allow me to focus again on what is’ my passion: the continuous research on technological innovation of our products, especially the D-Air.”
Dainese’s future goals rest heavily on its airbag technology, as Dainese plans on bringing D-Air to markets outside of motorsport and sport in general. The company also has an aggressive plan to grow outside of Italy, making a bigger push into North America and developing markets.
With the capital available from Investcorp, Dainese looks to be on solid ground to make those efforts possible; and perhaps more importantly, founder Lino Dainese can finally see an exit from the company he founded 40 years ago.
Asphalt & Rubber reached out to Dainese for comment earlier this week, but did not receive a reply.
Source: Il Giornale di Vicenza
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