Combinations: MTW Holding exits Bravo Capital and joins DBAG

Combinations: MTW Holding exits Bravo Capital and joins DBAG

MTW Holding (that groups Metalworks, Mengoni&Nassini, FGF) is moving from Bravo Invest (which still controls the tannery Vesta Corporation) to the German private equity company Deutsche Beteiligungs (DBAG). Details of the sale, which will be finalised by the end of June, were not disclosed. MTW, which groups manufacturers of metal and plastic accessories serving the luxury industry, ended 2021 with a turnover of around 60 million euros, up 16% on 2019. “We are now aiming for organic growth by offering innovative and sustainable materials for existing and new customers,” Cesare Luzzana, CEO of MTW Holding (pictured right), tells us.

MTW Holding exits Bravo Capital

After five years, Bravo Invest has decided to exit its investment in MTW Holding, an accessory platform serving the luxury sector with buckles, hook-and-loop fasteners and studs for bags, shoes and clothing, jewellery and logos for various brands. “The excellent results achieved in 2021 in terms of turnover and customer portfolio confirm the solidity of MTW. The move to DBAG will give MTWH a further boost in its buy-and-build strategy. But also, in in continuing its investments in sustainability,” Cesare Luzzana explains. He goes on to say that the strategy for the coming years will not only be to make acquisitions, but also to grow organically.

Who is DBAG

Deutsche Beteiligungs is a Frankfurt-based private equity firm listed on the stock exchange. Its assets under management and advice amount to 2.5 billion euros. In the deal that was signed, which is expected to close at the end of June, DBAG acquires a majority stake in MTW Holding. Minority partner will be the investment company Luxempart (listed in Luxembourg and investor of Bravo Capital). With it, the current management team and the former owners and founders of the companies that are part of MTW Holding. With the sale of MTW Holding, the tannery Vesta Corporation and Lorenzi with its microfibre brand Lyliane remain in the hands of Bravo Invest.

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