(MENAFN) Bahrain's Investcorp announced that it has acquired Dainese, the specialist Italian retailer in a deal worth USD162.6 million, which will result in the founder of Dainese only keeping a minority stake in the compay while Investcorp will have the rest, Arabian Business reported.
Dainese, which is a popular brand in the motorcycle and dynamic sports market, currently has a range of diversified products, including protective gear for road and racing use alike as well as motorcycles.
Dainese said that this is a very important deal for the company as it is going through a period of strong development for the company, and that Investcorp with its proven track record, global presence and network is going to support the company's continued international expansion and product innovation.
"I believe that their support will enable me to refocus on my passion, driving forward technological advances in our product line and, in particular, the D-Air system," The Founder and President of Dainese said
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.