Cisalfa Groupand expands abroad for the first time. The main Italian retailer of sports clothing and accessories with around 160 stores has started an internationalization process for the first time, acquiring historic German retailers Sports Voswinkel e SportCheck. The operation was supported by UniCredit, Cassa Depositi e Prestiti e Sace.
Financing of 115 million euros
UniCredit and CDP granted Cisalfa a total financing of 115 million euros: 65 million from UniCredit and 50 million from the Cassa. Sace provided a financial guarantee for the part of the loan intended for internationalization in Germany.
The project includes not only the purchase of the German companies and their 75 outlets, but also the strengthening of the commercial network. In Italy, the plan involves the opening of over 10 new stores of the Intersport Superstore chain between 2024 and 2027.
The Cisalfa Group
Cisalfa Group, founded in 1977 by the Mancini family with the first Cisalfa Sport store opened in Tivoli, develops, produces, sells and distributes clothing, footwear and equipment for sport and leisure. The group promotes a world in which well-being comes from sport and places attention to environmental and social, as well as economic, impact at the center of its corporate policies.
“With the acquisition of Sport Voswinkel and SportScheck, we have started our path of international expansionee we are consolidating our presence in the Dach area (Germany-Austria Switzerland ed.). This operation, made possible thanks to the support of Sace, UniCredit and Cdp, represents aunprecedented opportunities to spread our culture of well-being through sport even beyond national borders. Our goal is to maximize the synergies between the companies, relaunch and expand the German companies and expand our presence in Italy and Germany while maintaining particular attention to omnichannel" he declared Boris Zanoletti, General Manager of Cisalfa Group.
“It is a pleasure for us, in the context of a now consolidated relationship as a financial and strategic partner, to continue to support the Cisalfa Group in the realization of its organic and external development path” – he stated Marco Bortoletti, Regional Manager Lombardy of UniCredit.
“We are proud to have accompanied an excellence such as the Cisalfa Group in the process of expansion towards foreign markets – he declared Matthew Rusciadelli, Business Relations Manager for Central-Southern Companies of CDP – and we strongly believe in the potential of the Italian entrepreneurial fabric, especially in sectors representative of “Made in Italy”. We will continue to accompany the growth of companies in synergy with other partners to make them increasingly solid and competitive, both in Italy and in international markets".
