Dedar acquires Filippo Uecher to enhance outdoor textile portfolio
Deal News | Jan 29, 2025 | Finance Community IT - 1 Corporate M&A
In a strategic move to expand its presence in the outdoor textile market, Italian textile company Dedar has acquired the entire stake of Filippo Uecher, the owner of the Mariaflora brand. Mariaflora, renowned for its high-quality outdoor textiles, will now benefit from Dedar's established market presence across key regions, including Europe, North America, the Middle East, and Asia-Pacific. This acquisition marks Dedar's first as it seeks to complement its organic growth with targeted acquisitions to reinforce its international standing. The transaction saw Dedar supported by multiple advisors, including Cap Advisory and CBA Studio Legale e Tributario for financial and legal guidance, while STTributario provided due diligence support. The vendors enlisted the services of Nash Advisory and legal firm PedersoliGattai. Dedar, since its inception in 1976, has grown significantly, reporting over 73 million euros in revenue for 2024. The acquisition is expected to create synergies and enhance Dedar's comprehensive offering to clients who value style, functionality, and durability in luxury outdoor and interior design textiles.
Sectors
- Textile Manufacturing
- Luxury Goods
Geography
- Italy – Dedar is based in Milan, and Mariaflora is located in Biella, both prominent locations in Italy known for excellence in textile production.
- International – Dedar has a significant international presence with showrooms in major cities worldwide, indicating the global scope of the transaction.
Industry
- Textile Manufacturing – The acquisition involves companies engaged in the manufacturing of high-end textiles for interior and outdoor use, which is central to both Dedar and Mariaflora's businesses.
- Luxury Goods – Both Dedar and Mariaflora are known for their luxury textile products, catering to high-end market segments and focusing on quality and aesthetics.
Financials
- 73 million euros – Dedar's reported revenue for 2024, indicating business growth and financial health supporting its acquisition strategy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dedar | Buyer | Company | An Italian textile company specializing in creating high-end interior and outdoor fabrics, expanding into new markets through acquisitions. |
| Filippo Uecher Srl | Target | Company | The acquired company, known for the Mariaflora brand, specializing in luxury outdoor textiles. |
| Cap Advisory | Financial Advisor to Buyer | Company | Provided financial advice to Dedar during the acquisition. |
| CBA Studio Legale e Tributario | Legal Advisor to Buyer | Company | Assisted Dedar with legal aspects of the acquisition. |
| STTributario | Due Diligence Advisor to Buyer | Company | Supported Dedar with accounting and fiscal due diligence. |
| Nash Advisory | Financial Advisor to Seller | Company | Assisted sellers through the origination to the closing of the transaction. |
| PedersoliGattai | Legal Advisor to Seller | Company | Provided legal support to the vendors in the transaction. |