Fashion, The QattroR Fund buys Trussardi

The QuattroR Sgr fund acquires the Trussardi fashion house. The independent asset management company set up with the aim of promoting the relaunch and development of medium-large sized Italian companies in temporary financial crisis, has today finalized the acquisition of the majority of the “Greyhound” group, by purchasing a stake of approximately 60%.

The operation was realized  through the creation of a Newco, 70% owned by QuattroR, 30% by Tomaso Trussardi, which controls 86% of the Finos holding company, the sole shareholder of Trussardi S.p.A.. The Company’s lending banks also confirmed their support for the corporate and financial reorganization of the Group. In fact, last March the company obtained a loan of 51.5 million Euro from a consortium of banks (Bnl, Unicredit, Banca Intesa, Ubi Banca, Banco Popolare di Milano, Monte dei Paschi di Siena) to which has been added  5 million Euro through a capital increase by the reference shareholders.