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5 Apr

MinervaHub Sells Majority Stake to San Quirico

 MILAN — MinervaHub has a recent majority shareholder.

Investment holding San Quirico SpA has acquired 75 percent stake of MinervaHub, which was established last 12 months to guard a lot of Italian manufacturers within the country’s supply chain that help create garments and accessories.

The remaining 25 percent stake stays within the hands of one in every of the sellers, Xenon Private Equity, with other coinvestors that include Matteo Marzotto.

The Italian entrepreneur maintains his role as president of MinervaHub, which reports sales of greater than 170 million euros, has a portfolio of greater than 1,000 clients, of that are 20 among the many principal luxury brands, and 700-plus employees. 

Matteo Marzotto touted the stance of an investor corresponding to San Quirico, which has “understood the potential of MinervaHub as a primary, unique supplier of high-end accessories, with its formidable artisanal and industrial skills, to rework the creative ideas of probably the most celebrated brands on the planet in products of absolute excellence within the respect of probably the most difficult ESG standards.”

He continued by expressing his confidence that San Quirico’s “vision and expertise” shall be fundamental “in the expansion and creation of future value.” 

MinervaHub was controlled by private equity fund Xenon VII SCA SICAV — RAIF, managed by partners Franco Prestigiacomo and Gianfranco Piras.

Minerva Hub stems from the fusion of XPP Seven and Ambria Holding, which Marzotto formed in 2021, taking majority stakes in Italian firms Zeta Catene and Galvanica Formelli, each positioned within the Arezzo, Tuscany area. Zeta Catene produces greater than 2,000 forms of chains of various shapes, sizes and materials, corresponding to brass and silver, as accessories for baggage and shoes. Galvanica Formelli offers metal details, components and galvanic treatments for fashion accessories.

MinervaHub has grown to incorporate other firms including Jato 1991, specialized in delicate and complicated hand embroideries, Conceria Zuma Pelli Pregiate, and Quake to call just a few, which operate within the fashion-luxury market, in design, sportswear, cosmetics, jewelry and automotive. 

This operation will allow MinervaHub’s accelerated development because of financial, industrial and manufacturing synergies.

The plan is to proceed to grow MinervaHub through additional mergers and acquisitions strengthening its production capability and expand its product portfolio.

Franco Prestigiacomo, chief executive officer of Xenon Private Equity, who has reinvested in MinervaHub with Marzotto, said the brand new partner shall be decisive to assist MinervaHub reach its goals. “We proceed to strongly imagine within the further growth of MinervaHub,” being actively committed and contributing “mainly in the realm of M&A,” he said.

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