Permira Tag

MILAN — Private equity firm Permira is acquiring a majority stake in Gruppo Florence from existing shareholders VAM Investments, Fondo Italiano d’Investimento, Italmobiliare, and Gruppo Florence’s entrepreneurs. The entrepreneurs, the management team and VAM Investments will reinvest a good portion of their proceeds and can remain committed to the project. Fondo Italiano d’Investimento may also retain a minority stake. Attila Kiss will proceed to guide Gruppo Florence as chief executive officer and Francesco Trapani will retain his role as chairman. Financial terms of the deal weren't disclosed. As reported, speculation a few possible Permira interest in Gruppo Florence had been circulating for months. “Our industrial project involves significant investments in training, revolutionary digital tools, research on sustainable production processes, and qualified management for...