Equita Capital Expands Luxury Footwear Holdings with GT Emme Acquisition
Deal News | Dec 19, 2024 | Equita Capital Sgr SPA
EQUITA Smart Capital ELTIF, a private equity fund managed by EQUITA Capital SGR, has expanded its portfolio with the acquisition of GT Emme, a company specializing in the production of insoles and strips for luxury women's footwear. Founded in 2001 and headquartered in Santa Maria a Monte, GT Emme is a strategic investment in EQUITA's effort to create a certified Made in Italy supply chain serving international fashion brands. This acquisition follows previous integrations of production hubs Everyn and Maruska and aims to establish a leading group in contract shoe manufacturing. The deal was partially financed by Anthilia Capital Partners and Green Arrow SGR, underscoring the initiative's financial robustness. GT Emme will continue to be managed by its founder, Graziano Marmugi, who retains a stake in the company alongside other entrepreneurs, while EQUITA remains the majority shareholder. EQUITA's broader strategy is to diversify its investments across promising sectors like women's footwear, molecular diagnostics, and senior living, with the current private equity portfolio generating revenues over 300 million.
Sectors
- Private Equity
- Luxury Fashion
- Manufacturing
Geography
- Italy – The focal point of the article involves Italian companies and the aim to create a Made in Italy supply chain. GT Emme and other related companies are based in Italy.
Industry
- Private Equity – Involves the management and investment practices of EQUITA Capital and its diversification strategy in acquiring new assets.
- Luxury Fashion – Focuses on EQUITA's investment in GT Emme, which specializes in luxury women's footwear supply chain components.
- Manufacturing – Pertains to GT Emme's operational focus on producing insoles and strips for luxury footwear, contributing to a comprehensive manufacturing plan.
Financials
- Above 5 million – GT Emme's revenue for 2023.
- Above 300 million – Overall turnover of EQUITA's private equity investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EQUITA Smart Capital ELTIF | Acquiring Company | Company | A private equity fund managed by EQUITA Capital SGR that aims to expand its investment in luxury women's footwear. |
| GT Emme | Target Company | Company | A company specializing in producing insoles and strips for luxury women's footwear based in Santa Maria a Monte, Italy. |
| EQUITA Capital SGR | PE Management Company | Company | The multi-asset manager of the EQUITA Group, managing the EQUITA Smart Capital ELTIF fund. |
| Anthilia Capital Partners | Financial Partner | Company | Financial institution that partially financed the acquisition of GT Emme. |
| Green Arrow SGR | Financial Partner | Company | Another financial institution involved in partially financing the acquisition. |
| Graziano Marmugi | Founder and Manager | Person | Founder and continuing manager of GT Emme, holding a stake in the share capital of the group. |