Connecticut-based private equity firm Tengram Capital Partners is to acquire Zanella, a luxury menswear brand for an undisclosed amount.
Zanella is known for its offering of handcrafted, sartorial trousers made 100% in Italy. The company predominantly sells its classic dress pants through specialty stores and high-end department stores across the U.S., Canada and Europe, including key retail customers such as Nordstrom, Neiman Marcus and Mitchell’s.
Following the deal, still subject to the satisfaction of customary closing conditions, the company will continue to utilize its existing facility in Vicenza, Italy, to manufacture products that are crafted by local artisans who have historically produced its trousers, while operating out of its U.S. headquarters and showroom on Fifth Avenue in New York.
led by Todd Barrato, Tengram will help Zanella restructure as well as drive the brand’s expansion through existing wholesale partners in the U.S. and abroad.
FinSMEs
16/06/2015