Acbc sells majority stake to Gyrus Capital

Gyrus Capital has acquired a majority stake in Acbc, an acronym for Anything Can Be Changed, B Corp founded in 2018 by Gio Giacobbe and Edoardo Iannuzzi, specialising in research and development, product innovation and circular and sustainable solutions for the fashion and lifestyle sectors.

The co-founders, together with the current management team, which has made a significant reinvestment and will continue to play a key role in guiding the company, will continue to play a key role in the company. The shared strategic objective is to accelerate Acbc's growth and international expansion, establishing it as a global leader in innovation and sustainable transformation, with a priority focus on the fashion industry and related sectors.

This new investment represents a milestone in Acbc's development, giving the company the tools to accelerate its growth path through a mix of organic expansion and targeted acquisitions. The goal remains to diversify the service offering and expand into new markets, promoting continuous innovation and consolidating Acbc's position as a global leader in sustainability.

The company, founded seven years ago as a producer of sustainable shoes - in the early days, the upper, detachable thanks to a zip and made of recyclable materials, could be mounted on different soles, thus guaranteeing more options and less environmental impact - has evolved over time into a reality oriented towards consultancy on environmental issues, collaborating with companies such as Chloé, Missoni, Diadora, Pinko, Msgm, Piquadro, Garmont, Baldinini, Coccinelle. In 2023, the latest available data, it recorded revenues of EUR 15 million, +3% on 2022, Ebitda at EUR 3.1 million, up 55% on the year before. The target communicated by Acbc at the close of the 2023 financial statements was, for the year 2024, "a double digit growth in revenue compared to 2023 and (...) to reach EUR 10 million Ebitda in the next 3 years".

The acquisition fits into this context: "This partnership with Gyrus Capital represents a defining moment for Acbc," said Gio Giacobbe, CEO and co-founder. "We are proud to join forces with a company that shares our values and long-term vision. Their international experience and focus on people, services and sustainability will be instrumental in amplifying our impact and accelerating the transition to a more responsible and forward-looking fashion and lifestyle industry."