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Dexelance acquires 65% stake in Mohd as Made in Italy Fund exits in high-return deal
Dexelance has acquired a 65% stake in Mohd, a leading Italian high-end furniture e-commerce and retail business, from Made in Italy Fund and the Mollura family. The Mollura family will reinvest in the business and retain a significant minority stake. The transaction marks the second exit for Made in Italy Fund, the private equity vehicle…
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Oakley Capital acquires heritage British brand Smythson in multi-brand expansion deal
Oakley Capital has acquired heritage British luxury label Smythson as part of a broader investment in iconic European brands. The deal, executed through Oakley’s investment vehicle Iconic BrandCo, also includes the acquisitions of Italian home furnishings label Fornasetti and premium leather goods maker Fabbrica Pelletterie Milano. Smythson, established in 1887 and renowned for its high-end…
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Oakley Capital acquires majority stake in iconic Italian design house Fornasetti
Oakley Capital has acquired a 60% stake in Immaginazione Srl, the holding company behind luxury Italian design brand Fornasetti, in a deal aimed at scaling the historic firm into a global lifestyle business. Founded by Piero Fornasetti in the 1940s and now led by his son, Barnaba Fornasetti, the Milan-based atelier is known for its…
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Inflexion exits control of Medik8 as L’Oréal deepens premium skincare push
L’Oréal has agreed to acquire a majority stake in Medik8, the British premium skincare brand, in a move that strengthens its Luxe Division’s portfolio and underscores continued private equity interest in the high-growth beauty segment. Inflexion, the mid-market private equity firm that previously backed Medik8, will retain a minority stake under the terms of the…
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Renaissance-backed Rino Mastrotto brings Prada on board with 10% stake sale
Private equity-backed leather group Rino Mastrotto has sold a 10% stake to luxury fashion house Prada, marking a strategic partnership in the high-end leather supply chain. The deal, supported by Renaissance Partners, includes a cash investment by Prada and the transfer of two tanneries – Conceria Superior in Italy and Tannerie Limoges in France –…
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MidEuropa hands off Optegra to EssilorLuxottica, fuelling European eye care ambitions
MidEuropa has agreed to sell Optegra, a leading European ophthalmology platform, to EssilorLuxottica. The deal, subject to regulatory approval, is expected to close later this year. Optegra operates over 70 eye hospitals and diagnostic centres across Europe, offering both medically necessary and elective vision treatments. Since acquiring the company in 2023, MidEuropa has driven Optegra’s…
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Goldman Sachs backs Prada’s bold $2.77bn move to revive Versace legacy
Goldman Sachs is spearheading a $2.77bn financing package to support Prada’s proposed acquisition of Versace, according to a report from Italian daily MF. The investment bank is leading a consortium to provide €2.5bn in funding, with €1.5bn earmarked for the purchase of the Capri Holdings-owned fashion house, and the remaining €1bn allocated to revive Versace’s…
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Prada nears landmark Versace acquisition in a €1.5bn power play
Prada is nearing a deal to acquire Versace for nearly €1.5b, in what could be one of the biggest shake-ups in Italian luxury. According to sources close to the negotiations, Prada and Capri Holdings – Versace’s parent company – are expected to finalize the deal this month, provided talks remain on course. The acquisition would…
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1686 Partners invests in luxury eyewear brand Ahlem to drive global expansion
Ahlem, the Los Angeles-based luxury eyewear brand, has secured its first external investment from Luxembourg-based private equity firm 1686 Partners. The firm, which specializes in purpose-driven lifestyle companies, will support Ahlem’s global growth by enhancing its retail footprint, client services, wholesale operations, marketing, and production capacity. While the financial details of the transaction remain undisclosed,…