GRADIENT I SELLS CONTROLLING STAKE OF CADICAGROUP TO H.I.G. CAPITAL
Gradient I – a Fund promoted and managed by Gradiente SGR – has sold the controlling stake of Cadicagroup to H.I.G. Europe, European subsidiary of the international investment fund H.I.G. Capital. Cadicagroup is a company specializing in labels, tags and packaging accessories for the main clothing brands in premium and absolute luxury segments.
For the completion of the transaction Gradiente SGR was assisted by PriceWaterhouseCoopers and NCTM Studio Legale.
Pietro Busnardo, CEO of Gradiente SGR, concludes: “We are delighted to have accompanied Cadicagroup in the growth and expansion that has taken place in recent years. Acquisition by an international Fund such as H.I.G. Capital is the fulfillment of our fundamental mission dedicated to the development of Italian companies. We wish the new group good luck on achieving the goals it has set itself, certain to have left a company worthy of the role it has been assigned ”.