Case studies
(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