The Buccellati family and Clessidra SgrR have reached a definitive agreement for the entry of the Clessidra Fund into the capital of Buccellati Holding Italia SpA, with a controlling stake.
The Buccellati family maintains an important shareholding and a significant involvement in the management of the company. The Buccellati family and Clessidra SGR will contribute a significant amount of financial resources aimed at supporting the dimensional growth and development of the Buccellati brand worldwide. Gianmaria Buccellati will assume the position of Honorary President and Andrea Buccellati of President, with specific responsibility for style and product.
Buccellati represents an Italian excellence in the world in the high jewelery and silverware sector, with its unmistakable and distinctive style. Founded in 1919, Buccellati is already present, as well as in Italy, in numerous international markets including through owned stores in the United States, France and the United Kingdom and, over time, has added to its traditional operations in the jewelery and silverware market also the one in the world of the jewel-watch.
Clessidra is one of the leading private equity funds in Italy whose mission also includes supporting the major Made in Italy brands in their process of international expansion.
According to Gianmaria and Andrea Buccellati: “This operation represents a great opportunity for the Buccellati Group which will thus be able to accelerate its development on new markets together with a qualified Italian partner with whom an ambitious growth project has been defined. All this in accordance with the style and tradition of Buccellati which will remain the hallmark of our company”.
Claudio Sposito, President of Clessidra SGR, declared: “We are enthusiastic and honored by the partnership with the Buccellati family, one of the most prestigious brands that has historically represented Italy in the world. The creativity and exclusivity of the products designed by Gianmaria and Andrea Buccellati, whom I have known and admired for over 15 years, will be the foundation for a great growth project”.
In the operation the Buccellati family was assisted for the financial profiles by prof. Mazzola for Partners SpA and for the legal aspects by the Pedersoli e Associati law firm.
Clessidra was assisted for the legal aspects by Studio Nicoletti Gariboldi of Castri and by Studio Pavia & Ansaldo.
