Formalized the first closing of this new year that sees protagonists Italia Independent that has signed an agreement with Creative Ventures for the entry of new members.

Initially, the Creative Ventures Srl is held only by Talent Euveca, a closed-end fund managed by Avm Gestioni Sgr (asset management company), while on the date of execution the Sicav (investment company with variable capital) will enter Centurion Global Fund and possibly other selected investors.
The inspiration, the prestige, the heritage, the values of the brand and the intuitions of the founders are the solid prerequisite for the development in new markets and new business models. It is a challenge that together with the management of Italia Independent we feel to collect. The path we have started has been important and we recognize all the conditions to realize the strategies of the future
comments Giovanni Dossena, president of Avm Gestioni
The complex operation involves the subscription of a capital increase of 6 million euros from investors and another of 2 million reserved to the majority shareholder Lapo Elkann.
At the end, the new shareholders will control 25.44% of the capital of the eyewear company, while the founder and president Elkann will have 53.59% of the shares.
The transaction, as stated in a note on the transaction, “is at the end of the reorganization process that has seen a profound restructuring and operating efficiency, as well as a reduction in the cost structure and strengthening of the offer. of products for the Italia Independent brand “.
The cash injection linked to the capital increases and the allocation to the shareholders’ equity reserve of the bond loan will ensure that the company can enter a new phase linked to a more articulated and incisive commercial re-launch, having the tools and resources to pursue sustainable growth on new channels and new markets
continue from the company
The closing is scheduled for the first quarter of 2019. At the meeting for the approval of the 2018 financial statements, when all the directors will expire, the majority shareholder will present the list for the appointment of the new board in which two candidates will be nominated. of new investors.