Ethica Group, with the M&A and Debt Advisory teams, assisted P4 S.p.A., a company headed by Michele Paris, an entrepreneur with a distinctive track record in buy&build processes in the Made in Italy fashion/luxury supply chain, in the creation of FTC S.p.A. (Filiera Toscana della Calzatura), a specialized platform made up of contractors of finished parts, active exclusively in the luxury footwear sector.
Alongside Michele Paris and other co-investors, Azimut Libera Impresa SGR also subscribed to a capital increase, through its Private Equity funds, including AZIMUT ELTIF Private Equity – Ophelia, acquiring a minority stake of more than 30% in FTC S.p.A..
The newly formed industrial platform is currently composed of four complementary companies, all operating in the Tuscan district, which together generate a turnover of approximately €30 million:
Lannelli S.r.l.: manufacturer of insoles mainly for the luxury women’s high-heel segment
Danimarc S.r.l.: manufacturer of TPU printed soles for sneakers
APAM International S.p.A.: manufacturer of soles for both formal men’s footwear and high-end sneakers
Fagiolini S.r.l.: special processing of leather used for footwear upper parts
The goal of the project is to preserve the distinctive handcraft skills, keeping the current owners, who will remain leading their respective companies, but increasing their management skills through the contribution of Mario Zanini, CEO of FTC.
The FTC platform will also offer its customers integrated solutions to address the new complexities of the luxury market, promoting a traceable and sustainable artisan supply chain and contributing locally to the development of professionalism and skills within the sector.
