Alantra advises L Catterton on the acquisition of Pinarello

Jan 2017

Buy-side advisory

Alantra has advised L Catterton, the largest consumer-focused private equity firm in the world, on the acquisition of Pinarello, a leading brand of premium road bicycles, accessories and apparel. Alantra’s Italian team provided integrated M&A and debt advice to L Catterton.

Alantra’s value added in the deal has gone from the origination itself, bringing the opportunity to L Catterton on an exclusive basis, to the provision of integrated M&A and debt advice during the deal.

Founded in 1949, Piranello is a leading premium road bikes, accessories and apparel brand. The Company is known for its superior designs, craftsmanship and racing success, with products for both amateur and professional riders. Pinarello sells to both retailers and distributors in more than 50 countries around the world. Pinarello has provided bikes to 12 Tour winners, including four of the last five.

L Catterton has significant experience investing in premium and fitness related brands. Current and past investments include Peloton, Sweaty Betty, Worth, Baccarat, John Hardy, 2XU, Sandro&Maje and Giuseppe Zanotti. Formed in 2016 through the partnership of Catterton, LVMH and Groupe Arnault, L Catternon is the largest consumer-focused private equity firm in the world, operating multiple funds out of seventeen offices across five continents.