The shareholders of Furla SpA, one of the world's leading groups in the production and marketing of high quality leather bags and accessories, have reached an agreement with Tip – Tamburi Investment Partners SpA relating to the subscription of a convertible bond loan and converting it into shares Furla SpA, also with a view to the scheduled launch of the stock exchange listing process of the Furla group.
The Furla shareholders, who have been engaged in negotiations for some time, will shortly convene the company's decision-making bodies for the issue of a bond loan for an amount of 15 million euros which will automatically convert into Furla SpA shares on the occasion of the future listing in exchange, decided by mutual agreement as part of the operation signed and announced today.
Tip undertook to fully subscribe to this loan and, subsequently, to carry out the relative conversion into capital and subscribe - upon listing on the stock exchange - an amount of a further 15 million euros at the exact same economic conditions that will be offered to the market.
On the occasion of the landing on Piazza Affari, TIP will also have the right to subscribe and have third parties identified by it subscribe to a further portion of the offer to the public as part of the already envisaged "family & friends" tranche.
With this operation TIP – which over the years has given life to the most important network of entrepreneurial families in Italy and which, among others, already owns very important shares in groups such as Azimut Benetti, Eataly, Ferrari, Hugo Boss, iGuzzini, Moncler and Roche Bobois – adds another stake in a company active on an international level, in a challenging context such as that of the luxury, fashion and design sectors.
Following the approval of these transactions, Giovanni Tamburi and Alessandra Gritti will join the board of directors of Furla SpA
Giovanna Furlanetto, executive chairman of Furla SpA declared: "I am happy with this step that the company is taking, which is open to the contribution of people of high professional and moral quality, to be ever stronger in competing on a global level and pursuing growth towards the future as its heritage deserves. Above all, I am happy for all the management and employees who will be able to participate in this growth as they deserve, for the important development to which they have validly contributed up to now".
Of the same opinion Giovanni Tamburi, president and managing director of TIP, who stated: “I am particularly proud of this operation which links to our company one of the undoubted and most prestigious Italian entrepreneurial excellence, a brand recognized and appreciated throughout the world that has decided to undertake – with us – the process of listing on the stock exchange in order to accelerate its already remarkable growth, both in terms of turnover and profitability. I therefore thank the Furlanetto family very much – who, despite not having any need, wanted us by their side.”
