The financial company Italmobiliare has completed the acquisition of 100% of the capital of SidiSidi Sport, which is based in Maser (Treviso), in the heart of the industrial district of sports footwear from Montebelluna, employs over 250 people and distributes its products in over sixty countries around the world. The company, created by Dino Signori in 1960 and which in 2021 recorded 38 million euros in revenues and 7 million in EBITDA, was acquired by Italmobiliare on the basis of an “enterprise value” of 66 million Euro, to which are added 20 million of net cash held by the Company. The overall consideration of approximately 86 million resulted in a net outlay by Italmobiliare of 53,5 million, while the remaining approximately 32,5 million comes from a loan granted by Banco BPM.
Made in Italy Value
With this acquisition Italmobiliare continues on its path aimed at support and accompany the industrial excellence of our country.
"Sidi," stated Carlo Pesenti, CEO of Italmobiliare, "means excellent professionals, top-quality products, a well-regarded and successful brand, and a sector that has returned to show very interesting growth rates thanks to an ever-growing audience of enthusiasts and practitioners. These are the factors that Italmobiliare aims to leverage globally, through sustainable growth geared towards creating value over time. As an entrepreneur and a cycling enthusiast, I understand the value of tradition and the identity of a brand that has a very strong bond with the world of sport and those who practice it, whether professionally or passionately, and which represents another extraordinary example of the quality of Made in Italy."
Cassani is on the board
And Davide Rossetti, a manager with over 25 years of experience in the world of “sporting goods” in multinational excellences in Italy and abroad, both at the “wholesale” and “retail” levels, has been appointed as Sidi's new CEO. including Safilo Group (sport division), 55DSL by Diesel, Cisalfa Sport, Alpinestars and most recently Northwave, a company producing technical sports footwear for bikes and snowboards, which he led as general manager and developed the business.
Davide Cassani also joined the company's board…
"The world of two-wheeled cycling in Italy," the former Italian coach confessed, "needs investment, expertise, and passion. I am thrilled to find these three elements at the top of Italmobiliare and to be part of this new development challenge for Sidi.».
Founded in 1946 and listed on the Euronext STAR segment of the Milan Stock Exchange, Italmobiliare is one of Italy's leading investment holding companies and a recognized strategic partner for entrepreneurs committed to developing outstanding businesses. It manages a diversified investment portfolio with a Net Asset Value of approximately €2 billion. and, since 2017, has consolidated its investment strategy in companies characterised by important and innovative Made in Italy brands, supporting – through its know-how and its development and governance models – significant growth rates.
