Koinos Capital SGR today announced the acquisition, through its Fund Koinos Uno, of a majority stake and a simultaneous capital increase in Tre Zeta Group, a leading manufacturer of sneaker and leather soles for the luxury fashion industry.
Based in San Donato (Pisa), Tre Zeta Group has a history dating back to 1967, with a long tradition of producing sneaker and leather soles for the luxury market, a history consolidated over the years with the recent acquisitions of other companies in the sector including Brenta Suole, Rossimoda (LVMH group), Tresse and Lasertac.
With a turnover of more than 40 million euros, an expected growth for 2021 of 25% compared to 2019 and a CAGR of 20% from 2017, Tre Zeta Group is positioned as a highly innovative supplier for its customers, growing both organically and externally thanks to the continuous investments made. The Group operates through five production plants, producing over 3 million soles per year and using innovative 3D printing machines essential for the development of a rapid prototyping process for its customers.
“Tre Zeta Group is considered a landmark for the main luxury brands, enjoying a strong reputation thanks to the ability to support designers at every stage of product development and offering innovative solutions while keeping in mind sustainability criteria”, says Marco Morgese, founding partner of Koinos Capital, “today the collaboration between Koinos and Tre Zeta Group begins aiding the next phase of growth that will focus on innovation and the continuous consolidation of industry leaders”.
“We are excited to have Koinos Capital as an investor and strategic partner, the management of Koinos already has a strong experience of aggregations in production companies for the luxury sector as well as a solid entrepreneurial background” says Stefano Panicucci, shareholder and Commercial Manager of Tre Zeta Group, “together we will continue our growth path to stand out and innovate. The service on samples, automation and digitalization of production processes and sustainable materials will be our goal, as well as that of aggregating other players in the sector”.