Ethica Global completed the acquisition of Lanificio dell'Olivo from Gradiente.

Ethica Global, a private equity firm, completed the acquisition of Lanificio dell'Olivo, a producer of textile products, from Gradiente, an investment management firm. Financial terms were not disclosed. "To guide this ambitious development plan, the current management team has been confirmed, in particular the president Vittoria Varianini, the managing director Fabio Campana, the financial director Gianluca Bazzi and the technical director Pierluigi Biagini, who all participated in the investment alongside Ethica Global Investments," Lanificio dell'Olivo.