Csp International Fashion, a group listed on the Stock Exchange, has acquired Perofil Fashion for around 8 million euros. With this operation, Csp International Fashion “completes its presence in the market for men's and women's underwear and hosiery – reads the note – becoming an international high-end hub. The operation combines the tested and historical production experiences of the two companies in the sectors of origin, proceeding towards a new expansion and continuing to develop products that satisfy ever more demanding consumers".
Francesco Bertoni, president of Csp International, said: “It is an operation with which we want to increase and strengthen our offer in the field of lines for men but which also wants to give continuity to the centenary history of Perofil and to the Italian spirit, with the will to continue to spread the Italian style and taste in the world".
Csp International, founded in 1973 in Ceresara (Mn) and owner of historical brands such as Sanpellegrino, Oroblù, Lepel, Liberti, Le Bourget, Well and Cagi, closed 2016 with a consolidated turnover up by 2,4%, equal to 126,2 million euros and an Ebitda of 7,2 million euros.
Perofil, founded in Bergamo in 1910 and owner of the Perofil, Luna di Seta brands and the license for the Bikkembergs brand, achieved net sales in 2016, pertaining to the business branch involved in the transfer, of around 14,4 million, with an Ebitda of about 1,2 million.
Csp was assisted in the due diligence activities by Deloitte and Deloitte Legal as legal advisor, while Perofil by the Corporate Finance Department of Banca Popolare di Vicenza, Mergers & Acquisitions Unit, and by Studio Alpeggiani & Associati.
