Koinos Capital, through through the Koinos Uno fund, has acquired a majority stake in Tre Zeta Group, a manufacturer of sneaker and leather soles for the luxury fashion industry. The financial terms of the transaction have not been disclosed.
Based in San Donato (Pisa), Tre Zeta Group has a history dating back to 1967, with a long tradition of producing sneaker and leather soles for the luxury market. Over the last few years the group acquired other companies in the sector including Brenta Suole from Rossimoda (LVMH group), Tresse and Lasertac.
Tre Zeta Group FY2021 estimated turnover is in excess of EUR40 million, (2021/2019 estimated growth +25 per cent, CAGR 2021/2017 of 20 per cent). The Group operates through five production facilities, producing approximately three million soles per year and using innovative 3D printing machines that are fundamental to the development of a rapid prototyping process for its customers.
“Tre Zeta Group is considered a reference point for major luxury brands enjoying a strong reputation thanks to its ability to support designers at every stage of product development and to offer innovative solutions according to sustainability criteria,” says Marco Morgese, founding partner of Koinos Capital. “Today begins Koinos’ collaboration with Tre Zeta Group for the next phase of growth that will focus on innovation and continuous consolidation of industry leaders.”
“We are thrilled to have Koinos Capital as an important investor and strategic partner, Koinos management already has a strong experience of aggregation in production for the luxury sector as well as a solid entrepreneurial background,” says Stefano Panicucci, shareholder and Sales Manager of Tre Zeta Group. “Together we will continue our growth path to stand out and continue to innovate. The service on prototypes, automation and digitalisation of production processes and sustainable materials will be our goal, as well as that of aggregating other excellences of the sector.”