Filidarte Group Acquires Majority Stake in Servizi
Deal News | Mar 13, 2025 | Finance Community IT - 1 Corporate M&A
Ethica Global Investments, a subsidiary of Ethica Group, has acquired a majority share (75.06%) in Servizi e Seta as part of their strategic expansion plan. This acquisition marks a pivotal step towards establishing Filidarte Group's dominance in the luxury yarn sector. The deal not only enhances Filidarte Group's market position but also leverages Servizi e Seta's significant presence in China, New York, and Hong Kong for resource control and international growth. The acquisition is expected to foster synergies across Filidarte Group's existing entities, Lanificio dell'Olivo and Manifattura Sesia, maximizing production efficiency and market responsiveness. Alberto Enoch, CEO of Servizi e Seta, along with other shareholders, will reinvest in Filidarte, ensuring continuity and alignment with Filidarte’s value creation strategy.
Sectors
- Investment and Private Equity
- Textiles and Apparel
Geography
- Italy – Ethica Global Investments and Servizi e Seta are based in Italy.
- China – Servizi e Seta has significant market presence in China, which is strategic for Filidarte Group’s expansion.
- United States – Servizi e Seta has offices in New York, USA, indicating a significant geographical presence.
- Hong Kong – With offices in Hong Kong, Servizi e Seta contributes to Filidarte Group's international reach.
Industry
- Investment and Private Equity – The article discusses an acquisition made by Ethica Global Investments, a PE firm, which is a common activity within this sector.
- Textiles and Apparel – The acquisition centers on Servizi e Seta, a company in the yarn and textiles industry, aiming to enhance the Filidarte Group’s position in the luxury segment.
Financials
- 75.06% – The percentage of Servizi e Seta acquired by Filidarte Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Filidarte Group | Buyer | Company | A group within Ethica Global Investments focused on high-end yarn industries. |
| Servizi e Seta | Target | Company | An Italian company excelling in silk and blended yarn production. |
| Ethica Global Investments | Bidding Company | Company | An investment company part of Ethica Group focusing on strategic acquisitions. |
| Ruggero Jenna, Alice Barberini, Camilla Brianza | Advisors | People | Acted as advisors for Ethica Global Investments. |
| Alberto Fioritti, Andrea Mioli | Financial Auditors | People | Accountancy advisors from Athena Audit for the transaction. |
| LCA Studio Legale | Legal Advisor | Company | Provided legal advice for Ethica Global Investments. |
| Luca Bernasconi | Financial Advisor | Person | Advisor for Servizi e Seta, overseeing financial aspects. |
| Andrea Canale | Accountant | Person | Supported financial and accounting aspects for Servizi e Seta. |
| IPG Law Firm | Legal Advisor | Company | Managed legal aspects for Servizi e Seta. |
| Alberto Enoch | CEO | Person | CEO of Servizi e Seta who will remain to ensure business continuity. |