Eurmoda: Aurora Growth Capital Acquires 50% Stake

Aurora Growth Capital has signed a binding agreement to acquire approximately 50% of Eurmoda from existing shareholders and through a capital increase aimed at financing the acquisition of other operators. MCP-Mindful Capital Partners retains a 27% stake, while founders Marco Vecellio and Auro Macuz remain shareholders, with other minority shareholders exiting completely. The closing of the transaction is expected by the end of July 2025, subject to customary conditions. Aurora was assisted by various advisors including LMCR Studio Legale for legal matters, OC&C for business insight, PwC for accounting, ESG & HSE, and Spada Partners for tax advice. MCP and the selling shareholders were advised by Dawan Corporate Finance, Giovannelli & Associati, Gitti & Partners, KPMG, and OC&C. Central Bank remains the financial backer of the Eurmoda group. Founded in 1986, Eurmoda operates in the production of high-quality metallic accessories for luxury leather goods. With a strategic focus on both organic growth and M&A, the company aims to enhance its clientele and expand its product line. In 2024, Eurmoda reported €60 million in revenue with an EBITDA of €10 million, marking an 18% margin, and employs around 360 people. The leadership remains under CEO Marco Vecellio as the firm targets new strategic acquisitions, supported by the capital investment from Aurora.