- Fabio Planamente and Gigi Servidati will remain as minority shareholders in CdP
- The transaction will be completed by October 2023
- Wise Equity is a private equity fund manager investing in small and medium-sized Italian companies
Wise Equity has signed an agreement to exit stake in Cantiere del Pardo (CdP), a shipyard in the production of luxury sailing and motor yachts, to Calzedonia Group.
No financial details of the transaction were disclosed.
CdP is based in Forlì-Cesena, Italy.
Fabio Planamente and Gigi Servidati will remain as minority shareholders in CdP.
Wise Equity invested in Cantiere del Pardo in 2020 via Wisequity V fund.
CdP will continue its international growth and the development of new models under Calzedonia Group, according to a release.
“The Cantiere del Pardo name and the brands it represents are now firmly established among the most prestigious in the nautical world; the management structure has grown and been significantly strengthened; the range of models has been considerably extended and production capacity has doubled,” said Michele Semenzato, founding partner of Wise Equity.
The transaction will be completed by October 2023.
Calzedonia Group is an Italian fashion business and is based in Verona. The company reached a turnover of €3 billion in 2022.
Wise Equity is a private equity fund manager investing in small and medium-sized Italian companies. The firm is based in Milan, Italy.
Wise Equity was assisted in the transaction by Cassiopea Partners as financial advisor, Simmons & Simmons as legal advisor and Spada & Partners as accounting/tax advisor.