De Agostini takes over 42% of Legami and strengthens growth path

A long-term investment and collaboration that, over the past two years, has led to Legami's growth accelerating at a start-up pace.

De Agostini shows its belief in the potential of the company founded by Alberto Fassi in 2003, today one of the most dynamic Italian brands in the stationery, gift and lifestyle accessories sector. The group, controlled by the Boroli and Drago families, has in fact acquired 42% of Legami, taking over the entire stake held by Flexible Capital Fund, a fund managed by DeA Capital Alternative Funds Sgr and therefore also owned by the family.

This defines a new governance structure, which aims to give continuity and consolidate the Bergamo-based company's growth path in Italy and abroad, with a long-term approach. The entry of the new partner 'brings complementary skills and a shared strategic vision, helping to strengthen the organisation and make processes and operating structures more efficient and scalable,' reads the note issued by the owners. De Agostini will be able to appoint two representatives to the board of directors. Founder and CEO Alberto Fassi retains the majority of the capital and ensures the continuation of the company's entrepreneurial project and strategic vision.

This is a further step on the path of consolidation and future development of the company, which has experienced rapid and high growth in recent years: from €51 million in revenues in 2022 to €245 million in 2024, with an EBITDA of over €50 million. The international presence has expanded rapidly, with distribution in more than 70 countries, 10,000 retailers, more than 600 corners and an ever-expanding direct retail network, now active in Italy, France and Spain. By 2025, sales are expected to exceed €300 million and additional boutiques will be opened, including 16 in France and 5 in Spain, for a total of more than 150 directly operated shops.

For De Agostini, this investment represents a step in the diversification of its portfolio, focused on leading companies with a strong identity and international growth potential. As it has already done in its investee companies in other sectors - publishing, lotteries, gaming, asset management, media and pharmaceuticals - De Agostini will make available to Legami its industrial experience in building and supporting leading groups in their respective markets, fostering their global development over the long term.