Evoco acquires Milano Investment Partners' stake in Manebì
Angelo Moratti also reinvests in the transaction, through the investment holding Angel Capital Management
2' min read
2' min read
Rearrangement in the Manebì shareholding structure. Evoco, a Zurich-based pan-European private equity fund, has reached an agreement to acquire the 25% stake held in the company by Milano Investment Partners (Mip), which had invested in Manebí in 2019. Under the agreement, along with Evoco, Angel Capital Management (Acm), Angelo Moratti's investment holding company, will also invest in the company, thus continuing to support Manebí's growth by virtue of its close ties with Mip, an investment company founded by Moratti himself.
New Funds for Growth
.Thanks to new capital and simplified governance, with Evoco as financial shareholder, Manebí will continue to expand its international presence and its brand, combining timeless design with modern sustainability practices, attracting the most discerning consumers globally, explain from the company, which ended the financial year to September 2023 with a turnoverjust over 16 million and aims to reach 50 million within a few years.
Manebí, a globally recognised luxury brand for sustainable footwear and beachwear, thanks to the work of its founders Vera Drossopulo Bogdano and Antonello Benati, has been able to expand its offer, initially dedicated to espadrilles handmade in Spain, in just a few years to include a range of luxury footwear made in Italy, beachwear and accessories inspired by Mediterranean culture and craftsmanship.
"We are delighted to welcome Evoco as a partner in Manebí's journey at a time when consumer habits are undergoing fundamental changes towards more refined and sustainable fashion. Their investment and international network will help us position our products in new markets and fuel the company's next phase of growth," commented Antonello Benati and Vera Drossopulo Bogdano, founders of Manebí.
The Milan-based company has built a strong presence in more than 20 locations, including Portofino, Capri, Mykonos and Cannes, and has commercial agreements with more than 300 global high-end retailers, including Harrods, Selfridges, Neiman Marcus, LaRinascente and Galleries Lafayette, building loyalty with more than 500,000 customers through social media.
