Tollegno Finalizes Sale of Manifattura di Valduggia to Germabros
Deal News | May 28, 2025 | Finance Community IT - 2 Acquisition Finance
The article discusses the recent corporate restructuring of Gruppo Tollegno, a significant player in Italy's textile industry. Tollegno Holding has sold its entire stake in Manifattura di Valduggia, known for the brand Ragno, to Germabros, a company controlled by the Germanetti brothers. Additionally, Tollegno has divested its 19.95% stake in Enersel, a hydropower company, to other Enersel stakeholders. This move follows the sale of Tollegno's spinning activities to Indorama in 2022. As part of this restructuring, Finind, which holds a 48.25% stake in Tollegno, received advisory support from Sella Investment Banking and legal advisory from Ferrari Pedeferri Boni. Manifattura di Valduggia, with its establishment dating back to 1879, is a storied entity in the Italian textile sector, boasting a revenue of €70 million in 2024. Enersel operates three hydropower plants generating an annual production of approximately 2.5 GWh.
Sectors
- Textile Industry
- Energy Industry
- Investment Banking
- Legal Services
Geography
- Italy – Manifattura di Valduggia is a historic Italian textile firm, and Enersel operates within Italy's energy sector.
Industry
- Textile Industry – The article revolves around the sale of Manifattura di Valduggia, a significant entity in the Italian textile industry.
- Energy Industry – The article mentions the sale of a stake in Enersel, a company involved in hydropower production.
- Investment Banking – Sella Investment Banking's involvement as a financial advisor highlights the article's relevance to the investment banking sector.
- Legal Services – The involvement of Ferrari Pedeferri Boni as legal advisors highlights the relevance to the legal services industry.
Financials
- €70 million – Revenue generated by Manifattura di Valduggia in 2024.
- 2.5 GWh – Annual energy production capacity of Enersel's hydropower plants.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Manifattura di Valduggia | Target Company | Company | A historic Italian textile firm known for the Ragno brand, sold to Germabros. |
| Germabros | Bidding Company | Company | Company controlled by the Germanetti brothers, acquiring Manifattura di Valduggia. |
| Tollegno Holding | Vendor | Company | Entity divesting its stakes in Manifattura di Valduggia and Enersel. |
| Enersel | Company | Company | Hydropower company with operations in Italy. |
| Finind | Company | Company | Shareholder in Gruppo Tollegno, involved in the restructuring. |
| Sella Investment Banking | Financial Advisor | Company | Provided financial advisory services to Finind. |
| Ferrari Pedeferri Boni | Legal Advisor | Company | Provided legal advisory services for the transactions. |
| Indorama | Company | Company | Entity that acquired Tollegno's spinning activities in 2022. |