CASE STUDIES - TWINSET

Case studies

Twinset

Twinset
(Light Force S.p.A.)

Investment date: December 2008

Transaction: growth capital

Sector: women's apparel

Interest: 25%

Disinvestment date: July 2012

■ Multiple of 9x invested capital

■ IRR on investment of 77%

■ Receipt of the Demattè Private Equity of the Year Award (2012, expansion category)

■ Sales from €38 mln to €103 mln (CAGR of 39%)

■ EBITDA from €6.9 mln to €23.7 mln

■ EBITDA margin from 18% to 23%

■ Seven direct monobrand shops opened

■ E-commerce channel developed

■ New lines launched: footwear and bags, underwear and beachwear, denim and Le Coeur de Twinset (jersey)

■ Internationalisation of girls' line previously under licence