Just three years ago Dainese was acquired by the US investment fund Carlyle Group for a final figure of 630 million euros. The initial idea was to look for new business lines within its gigantic business emporium, valued at about 13,000 million dollars. Until that time, the Transalpina firm had been in possession of the Investcorp Business Group. The latter also own other brands such as Corneliani, a firm dedicated to luxury clothes and accessories.
Dainese to the edge of economic abyss
Now, after this time since Dainese’s sale firm, it seems that, far from having improved the company’s financial situation, the opposite has happened. That is at least what is deduced after knowing the financial report of the Italian brand referring to the last year 2024. Some are announced Net losses of 120 million eurosnot very aware of the strategic interests of their current owners.
The data is even more bleeding when we compare it with the figures issued by Dainese in 2023. The situation like the current one was foreseen, since the Transalpina firm declared 40.3 million losses at the end of that same season. However, in just 12 months, these negative data have ended up tripling, among other things, due to a 9.1%revenue drop, thus adding a total of 189.9 million euros, compared to 208.7 million of 2023.
With a little flattering financial situation, from Carlyle Group they have made the decision to transfer Dainese control to two companies specialized in economic recapitalization: HPS Investment Partners and Arcmont Asset Management. As explained from Moto It, “In the center of the negotiations there is the private debt of 285 million euros, signed in two sections by HPS Investment Partners and Arcmont Asset Management to finance the acquisition of Dainese … a transaction of 630 million euros made through the Europe Partners V fund V.”
Already last year, Carlyle Group had to insufferate Dainese’s accounts with a capital injection worth 15 million euros. Without this amount, the brand could not have fulfilled its banking obligations contracted until that time. Subsequently, the brand even obtained a postponement of valid debt until June 30, a fact that seems to be still enough to be able to deal with the company’s current economic situation.
At this point the main idea in these negotiations, between the current owners and the aforementioned debt creditors, is to be able to recapitize the business also renegotiating greater financial flexibility with respect to Dainese’s economic obligations with those who have so far contributed capital to the company. While it seems that conversations continue its course, the future of the European firm is quite uncertain.
On the current situation he is going through Dainese, he recently declared Lino Dainesefounder of the brand in 1972: “It is news that surprises me and that makes me a little sad. I have practically ten years out, but the company still takes my name.” We will cross your fingers because this remains so and the brand continues to offer us its products for many more years.
