Global investment firm Carlyle has just announced an agreement to acquire Dainese Group, the pioneering Italian company that is a global leader in superior quality protection equipment for motorcycling and other dynamic sports.
Since its foundation in Vicenza, Italy in 1972, Dainese has had a huge impact on safety and protection in sport and gained a large and loyal following worldwide. Collaboration with world sports champions resulted in the design and production of the back protector and the first wearable airbag for motorcyclists, for example, both of which helped revolutionize the safety of the sport. It owns three powerful brands: Dainese, motorcycling helmet producer AGV and motorcycling shoes leader TCX.
The partnership will help Dainese fulfil its expansion ambitions, particularly in the US and China.
“We were attracted by the company’s unique brand identity, long heritage and leadership in innovation,” says Massimiliano Caraffa, MD leading Consumer and Retail for Carlyle Europe Partners (CEP), who provided equity for the investment from their €6.4 bn fund. “We are excited to support Dainese in the next chapter of its growth journey, building upon its customer-centric ‘head-to-toe’ product offering and unmatched technical excellence.”
Dainese’s CEO Cristiano Silei was equally enthusiastic about the partnership. “With their track record and expertise in this sector, I am confident that we have found the ideal partner to help achieve our ambitious goals for growth and further internationalization.”