Prada Expands Stake in Rino Mastrotto with Acquisition of Conceria Superior and Tannerie Limoges
Deal News | Jun 05, 2025 | Finance Community IT - 1 Corporate M&A
Prada Group has announced a strategic investment in Rino Mastrotto Group, a leading supplier of bespoke materials and services for the luxury industry, by acquiring a 10% minority stake. The deal includes Prada's full acquisition of Conceria Superior, a significant player in the calf leather industry based in Santa Croce sull'Arno, and Tannerie Limoges, a historic French tannery known for lamb leather excellence. This transaction is anticipated to close between late Q2 and early Q3 of 2025, subject to conditions. Prada's entry into Conceria Superior began in 2022, and its purchase of a majority stake in Tannerie Limoges in 2014 showcased its commitment to preserving artisanal craftsmanship. The financial and legal due diligence was meticulously conducted with assistance from various advisors, underscoring the careful execution of this long-term strategic alignment.
Sectors
- Luxury Goods
- Textiles & Leather Products
- Corporate Finance
Geography
- Italy – Prada Group, a major luxury fashion brand, is headquartered in Italy, which is relevant to its activities and investment strategies.
- France – Tannerie Limoges, a key player in the transaction, is located in France, highlighting the country's significance in luxury leather production and processing.
Industry
- Luxury Goods – Prada operates within the luxury goods sector, focusing on high-end fashion and accessories, which aligns with its strategic investment in Rino Mastrotto for bespoke materials.
- Textiles & Leather Products – Rino Mastrotto and the acquired entities, Conceria Superior and Tannerie Limoges, are involved in leather processing and supply for luxury segments, necessitating their classification within this industry.
- Corporate Finance – The involvement of major financial advisory firms like PwC and Alvarez & Marsal highlights the corporate finance aspect of this strategic acquisition and investment.
Financials
- 10% – Prada's minority stake acquired in Rino Mastrotto as part of its strategic investment.
- 100% – Full acquisition of Conceria Superior by Prada, consolidating its leather supply chain.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Prada Group | Bidding Company | Company | An Italian luxury fashion group expanding its strategic investments in the leather goods sector. |
| Rino Mastrotto Group | Target Company | Company | A company specialized in supplying bespoke materials and services to the luxury industry. |
| Renaissance Partners | Selling Company | Company | The private equity firm controlling Rino Mastrotto, facilitating strategic realignment through Prada's investment. |
| Conceria Superior | Target Company | Company | A prominent player in the tanning industry known for calf leather, contributing to Prada's luxury leather supply. |
| Tannerie Limoges | Target Company | Company | A historic French tannery representing excellence in lamb leather processing, acquired for strategic enhancement. |
| PwC | Financial Advisor | Company | Provided financial due diligence for Prada, ensuring sound valuation and strategic execution. |
| Alvarez & Marsal | Financial Advisor | Company | Assisted Rino Mastrotto with financial due diligence during the transaction process. |
| Deloitte | Legal and Fiscal Advisor | Company | Advised Rino Mastrotto on legal and fiscal aspects of the deal. |
| Legance | Tax Advisor | Company | Managed the tax due diligence for Prada to facilitate a seamless transaction. |
| beLab | Legal Advisor | Company | Provided legal due diligence services for Prada to ensure compliance and legal integrity. |
| Gatti Pavesi Bianchi Ludovici | Legal Advisor | Company | Offered legal consultancy to Rino Mastrotto, guiding them through the transactional legalities. |