Announced
Financials
Sources
Tags
Luxury Items
Domestic
Private
Single Bidder
Italy
Acquisition
Friendly
Private Equity
luxury goods
Majority
Pending
Synopsis
VPA, a jewelry product provider, agreed to acquire Vendorafa Lombardi, a jewelry pieces distributor. Financial terms were not disclosed. “We are very satisfied with the agreement reached with Equinox and I am convinced that the two companies together will be able to express absolute industrial value. The ability to invest in research and development, as well as in the continuous training of human resources, will represent one of the differentiating elements of this new group in the Valencian district,” Livio Arzani, VPA President.
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