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FINANCIAL NEWS
Bahraini Investcorp signs USD163m deal for Italian Dainese
05 Nov 2014
(MENAFN) Bahrain’s Investcorp announced that it has acquired Dainese, the specialist Italian retailer in a deal worth USD162.6 million, which will result in the founder of Dainese only keeping a minority stake in the compay while Investcorp will have the rest, Arabian Business reported.
Dainese, which is a popular brand in the motorcycle and dynamic sports market, currently has a range of diversified products, including protective gear for road and racing use alike as well as motorcycles.
Dainese said that this is a very important deal for the company as it is going through a period of strong development for the company, and that Investcorp with its proven track record, global presence and network is going to support the company’s continued international expansion and product innovation.
“I believe that their support will enable me to refocus on my passion, driving forward technological advances in our product line and, in particular, the D-Air system,” The Founder and President of Dainese said
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