Themoirè: A New Era with Oltre Impact's Sustainable Ambitions
Deal News | Jan 28, 2025 | Finance Community IT - 3 Private Equity
Oltre Impact SGR, through its fund Oltre III, has acquired luxury sustainable brands Themoirè and OOF Wear, with intentions to launch a holding company, Sustainable Platform. This strategic acquisition, valued at €6.2 million, aims to enhance these brands' growth by focusing on sustainable practices, like utilizing eco-friendly materials and implementing life cycle assessments. Legal and financial diligence for this acquisition involved several advisors including Di Tanno Associati, CMP Law, and RSM. Themoirè, known for its luxurious yet eco-conscious bags, and OOF Wear, which excels in sustainable outerwear, are both set to retain their creative independence. Under the stewardship of newly appointed CEO Mirko Nesurini, Sustainable Platform will centralize production, logistics, and administration. Oltre Impact anticipates that this integration of style and sustainability will not only align with ethical standards but also serve as a successful model for luxury industries globally.
Sectors
- Private Equity
- Sustainable Fashion
Geography
- Italy – Oltre Impact SGR and the acquired companies, Themoirè and OOF Wear, are based in Italy, underscoring the country's vibrant fashion and investment scene.
Industry
- Private Equity – Oltre Impact SGR's acquisition of Themoirè and OOF Wear demonstrates investment strategy within the private equity industry, focusing on sustainable businesses.
- Sustainable Fashion – The acquisition involves brands Themoirè and OOF Wear, which are recognized for their sustainable practices and eco-friendly material use in the luxury fashion sector.
Financials
- €6.2 million – The total investment amount for acquiring 55% of Themoirè and the business unit of OOF Wear.
- 4 million euros – Reported revenue for Themoirè in 2023.
- 4 million euros – Reported revenue for OOF Wear in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Oltre Impact SGR | Acquirer | Company | A private equity firm focused on social and environmental impact investments. |
| Themoirè | Target Company | Company | A luxury brand founded in 2019 that designs and commercializes sustainable bags. |
| OOF Wear | Target Company | Company | A sustainable outerwear brand previously part of NYKY, focused on eco-friendly production. |
| Sustainable Platform | Holding Company | Company | The newly formed entity to manage Themoirè and OOF Wear post-acquisition. |
| Di Tanno Associati | Legal Advisor | Company | Provided legal and fiscal advice to Oltre Impact in the acquisition. |
| CMP Law | Legal Advisor | Company | Assisted Oltre Impact with legal and tax aspects of the acquisition. |
| RSM (Fortunato Summonte) | Financial Advisor | Company | Conducted the financial due diligence for the acquisition. |
| Bcome and Spin360 | Sustainability Advisors | Company | Managed the sustainability due diligence aspects. |
| ABPS Commercialisti (Franco Pedrazzini) | Financial and Legal Advisor | Company | Advised OOF Wear on financial and legal matters related to the acquisition. |
| Chiomenti | Legal Advisor | Company | Assisted Themoiré with legal aspects of the acquisition. |
| GC Advisory (Gerardo Cavaliere) | Financial Advisor | Company | Acted as financial advisor for Themoiré. |
| Mirko Nesurini | CEO | Person | Appointed CEO of Themoirè, OOF Wear, and the Sustainable Platform. |
| Nicola Lambert | Partner | Person | Partner at Oltre Impact overseeing the transaction. |