Taccetti Novarese Ideal Blue

Fineurop Soditic acted as financial advisor to Gruppo Florence S.p.A., a portfolio company of VAM Investments S.p.A., Fondo Italiano d'Investimento SGR S.p.A. e Italmobiliare S.p.A. in the financing of the acquisition of a majority stake in Novarese, Ideal Blue Manifatture and Taccetti S.r.l. Furthermore, the deal includes the implementation of an ancillary facility meant to support the Group’s future acquisitions strategy. Founded by the Gismondi family near Macerata in 1946, Novarese produces informal footwear for the most important luxury fashion houses. The company, which today employs around 220 people, is deeply focused on its sustainable growth. Ideal Blue Manifatture, created by the Moretti family in 1976 in the Marche region, is a modern and ethical textile manufacturer focused on the processing of denim garments for the international luxury industry. Founded in 1954, Taccetti is a Tuscany-based formal women luxury footwear. It collaborates with domestic and international luxury brands employing around 270 people. Florence is the first Italian “one-stop-shop” platform of the Italian textile supply chain, led by VAM Investments, Fondo Italiano d'Investimento, Italmobiliare and 40% owned by the Group's entrepreneurial families who have joined the platform. Founded in October 2020, Florence has aggregated 22 companies that supply high-quality, Made in Italy products to major luxury fashion brands and it reached a total turnover of approximately Euro 500 million and employs around 2,200 people that operates across 12 Italian regions and cooperate with over 50 international brands. The transaction was supported by BNL, Unicredit, Banco BPM, Crédit Agricole, BPER Banca, CdP, Société Générale and Banca Ifis.