Business Wire

H.I.G. Capital Creates a Leader in Premium and Ultra Luxury Fashion Components Through the Acquisition of Cadica, Tessilgraf and Bernini

Del

H.I.G. Europe, the European arm of H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with more than €26 billion under management, announced today that it has completed the simultaneous acquisition of Cadica, Tessilgraf and Bernini. Together, they form a global leading trim and packaging manufacturer for the premium and ultra luxury fashion industry (the “Group”).

The combined Group specializes in garment labels, tags and packaging supplies for the leading premium and ultra luxury fashion brands. The solutions offered are of increasing strategic importance for fashion houses keen to differentiate their image and products from those of competitors, ensure their authenticity, and improve customers' shopping experience. The Group offers a high value-added service to its customers, which is based on the design of creative solutions and the search for innovative materials, on anti-counterfeiting systems, and on international logistic support.

The integration of Cadica, Tessilgraf and Bernini, all leading players in their respective specialty, creates a leading world market player with sales in over 90 countries, with more than 900 customers. The integration will generate significant synergies, enhancing the distinctive features of each company within the Group and benefitting from their shared IT infrastructure, international logistics platform (with a presence in the USA, China, Hong Kong, India, Turkey, Romania and Tunisia), manufacturing know-how, and high-level expertise in design.

The newly formed Group will act as a platform for an ambitious program of further acquisitions, aimed at creating the leading international provider of components for premium and ultra luxury brands (buttons, zippers, metal decorations, ribbons, labels, packaging, etc.).

Andrea Carnevali, Chairman and Founder of Cadica, commented: “The collaboration with H.I.G. represents a fundamental milestone in the history of Cadica, the new Group and the industry itself. The combination of the complementary skills of the companies belonging to the Group will allow us to enhance and improve the service offered to our customers, both in terms of creativity, production experience and logistical support. Through this collaboration, which represents a leading example for the industry, we will be able to fully maximize the Group’s excellence and capabilities.”

Raffaele Legnani, Managing Director of H.I.G. Capital in Italy, adds: “H.I.G. is proud to lead a project that will create one of the leading international players in the sector of labels, trims, and packaging for the premium and ultra luxury fashion industry. H.I.G. is pleased to support the management teams of Cadica, Tessilgraf and Bernini in this ambitious growth path by providing its expertise in business integration and international development.”

About Cadica, Tessilgraf and Bernini
Cadica, Tessilgraf and Bernini, founded respectively in 1974, 1958 and 1977, are three historic companies in the Italian garments label district with important clients in the premium and absolute luxury segments of the fashion market. The companies have logistic presence in the USA, China, Hong Kong, India and Turkey.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over €26 billion of equity capital under management.* Based in Miami, and with European offices in London, Hamburg, Madrid, Milan, Paris, and U.S. and Latin American offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of €30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.


* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Contact information

Raffaele Legnani
Managing Director
rlegnani@higcapital.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Enlighted Expands IoT Platform Lighting Control Capabilities20.5.2019 10:00:00 CESTPressemelding

Enlighted, the leading provider of Internet of Things (IoT) solutions for commercial buildings and healthcare facilities, today announced new lighting control capabilities have been added to its award-winning building IoT Platform. These include advanced tunable white lighting control, daylight harvesting group capabilities, and a two-wire interface for the company’s powerful sensors. Together these new advancements improve the health and well-being of building occupants, improve lighting aesthetics, simplify fixture integration and reduce costs. Advanced Tunable White Lighting Control Enlighted sensors go beyond the automated circadian rhythm capabilities typically found in today’s tunable white solutions and now provide user-level control of color temperature to desired levels. The color temperature can be automatically aligned with the astronomical clock or directly tuned according to specific user needs. Occupants can tailor their environment, improve productivity and comfort, and

ams, Ibeo and ZF Partner to Deliver Industry-First Solid-State LiDAR Systems for the Automotive Industry20.5.2019 09:36:00 CESTPressemelding

ams (SIX: AMS), a leading worldwide supplier of high performance sensor solutions, announces today that it has signed an agreement to team with Ibeo Automotive Systems GmbH, the German specialist for automotive LiDAR sensor technology, and ZF Friedrichshafen AG, one of the leading technology companies for mobility worldwide to advance solid-state LiDAR technology for use in autonomous driving and other applications. The three companies will partner on joint R&D efforts to ensure that this exciting technology can be quickly and safely adopted by 2021. LiDAR is an optical sensing technology that measures distance and direction of the surrounding objects by illuminating them with a laser beam and detecting the reflection of the object. Its unique range and resolution properties complement radar and camera solutions to enable the ‘Holy Grail’ of the self-driving car industry – SAE level 5* or fully autonomous driving. ams will provide automotive-grade VCSEL (Vertical Cavity Surface Emittin

Personalis, Inc. to Present at Advances in Immuno-Oncology Congress UK 201920.5.2019 07:05:00 CESTPressemelding

Personalis, Inc., a leader in advanced genomics for cancer, today announced that the company will present at Advances in Immuno-Oncology Congress UK 2019 in London on May 21st at 11:00 AM BST. The presentation, entitled “Advancing Precision Oncology Biomarker Discovery with a Multi-dimensional Immunogenomics Platform,” will introduce Personalis’ new universal cancer immunogenomics platform, ImmunoID NeXT™. In addition to an overview, the presentation will introduce preliminary data from an ongoing study in which this platform is being used to evaluate IO-related biomarkers and potential tumor escape mechanisms in a cohort of melanoma patients treated with anti-PD-1 therapy. ImmunoID NeXT™ is the first platform to provide comprehensive analysis of both a tumor and its immune microenvironment from a single sample. The platform can be used to investigate the key tumor- and immune-related areas of cancer biology, consolidating multiple oncology biomarker assays into one. This maximizes the

New Study Evaluates Ability of Masimo SpHb® (Noninvasive Hemoglobin) to Estimate Timing for Invasive Measurement to Detect Anemia During Surgery20.5.2019 07:00:00 CESTPressemelding

Masimo (NASDAQ: MASI) announced today the results of a study published in BMC Anesthesiology in which clinicians at Peking Union Medical College in Beijing evaluated the ability of noninvasive and continuous hemoglobin monitoring with Masimo SpHb® to help clincians estimate when to conduct invasive hemoglobin measurement to detect possible anemia in patients undergoing spine or cytoreductive surgery.1 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190520005244/en/ Masimo Radical-7® with SpHb® (Photo: Business Wire) Noting that because of the “invasive, time-consuming and intermittent” nature of invasive blood sampling, clincians often forgo these “objective indications” when making transfusion decisions during surgery, Dr. Tang and colleagues sought to determine whether noninvasive, continuous hemoglobin monitoring could aid clinicians in estimating when it might be appropriate to perform an invasive measurement. They enroll

Cleo to Showcase End-to-End Approach to Ecosystem Integration at Gartner AADI in London20.5.2019 07:00:00 CESTPressemelding

Gartner’s Application Architecture, Development & Integration (AADI) Summit returns to London to provide strategies for solving the pervasive challenges of orchestrating workflows between external B2B and application ecosystems with internal business systems. Cleo, the global leader in ecosystem integration solutions, will be exhibiting in Booth S3 to demonstrate how successful organisations leverage its “outside-in” approach to create seamless end-to-end workflows and help optimize business processes. The Gartner AADI 2019 event, taking place 20-21 May at Park Plaza Westminster, is designed to empower IT and business professionals in transforming their application architecture, agile development, and integration strategies. The event’s focus on application strategies and data processes in the era of the cloud highlights the need for better ways to execute application integration, an inescapable challenge in today’s business landscape. According to the 2019 State of Ecosystem and Integ

Commerzbank Partners with GTC to Further Digitize and Automate its Trade Finance Business20.5.2019 04:00:00 CESTPressemelding

Commerzbank has entered into a strategic partnership with GlobalTrade Corporation (GTC), a leading Canadian application services provider of innovative multi-bank trade finance solutions. The bank plans to utilise GTC’s @GlobalTrade™ platform to strengthen its digital trade finance product range. As one of Europe’s leading trade finance banks, Commerzbank holds the digitalisation and automation of processes as key priorities. This partnership leverages Commerzbank’s unique network footprint and GTC’s multi-bank technology, coupled with SWIFT connectivity, to meet the trade finance needs of corporate clients across the globe more efficiently and effectively. “We are very pleased to have found a strategic and reliable business partner in the trade finance business in GTC. Together we will provide digital, multi-bank trade finance solutions to our clients as well as an expanded range of trade products,” said Klaus Josef Müller, Head of Trade Finance and Cash Management Product Management