Investcorp is to sell Dainese, a provider of protective equipment and technical gear for motorcycling and dynamic sports, to global investment firm Carlyle (NASDAQ: CG) for an enterprise value of EUR630 million.
Founded in 1972, Dainese operates across EMEA, APAC and the Americas and distributes its products across more than 100 countries.
Investcorp acquired Dainese in January 2015 from its founder, Lino Dainese, and has worked closely with the management team to drive both international growth and expansion of the Company’s product offering. Under Investcorp’s ownership, Dainese more than doubled its sales to EUR250 million, and grew EBITDA at a double-digit rate on a compounded basis each year. Over a seven-year journey, Dainese evolved from an Italian, product-focused, business into the global standard