The Zanatta family, founders of Italian outdoor footwear and ski equipment maker Tecnica Group, has agreed to buy back a 9.09 percent stake in the company from Italmobiliare for approximately €50 million ($58 mm).

The transaction is subject to the finalization of a financing agreement between Prime Holding S.p.A., the holding company controlling Tecnica Group and owned by the Zanatta family, and a pool of banks, which have already provided a binding commitment to the purchaser.

Following the closing, Italmobiliare, which acquired a 40 percent stake in Tecnica Group at the end of 2017, will continue to hold 30.91 percent of Tecnica Group S.p.A, while the Zanatta family’s interest, held through various investment vehicles, will increase to 69.09 percent. The transaction is expected to close by the end of the third quarter,

Italmobiliare, a Milan-based investment house, noted that since acquiring the stake in late 2017, Tecnica Group’s revenues have increased from €368 million in 2017 to more than €540 million in 2025. Italmobiliare said it is “disposing of part of its stake to the founding family, while continuing to support Tecnica Group S.p.A. in achieving its ambitious future objectives.”

Alberto Zanatta, chairman of Tecnica Group S.p.A., commented in a statement, “For the Zanatta family, Tecnica Group is not simply a company: it is an entrepreneurial story spanning more than sixty years, built on people, innovation and the determination to create brands capable of competing globally. When we decided to open the company’s capital in 2017, we did so to find a partner that shared our industrial vision and could support the Group in strengthening its international leadership. We are grateful to Italmobiliare for the strategic and managerial support it has provided and continues to provide, and we are pleased that it remains committed to sharing this growth journey with us. Increasing our stake in the capital is the natural evolution of the path we embarked upon in 2017: we have deep confidence in the company’s future and wish to reaffirm, through a tangible investment, our long-term commitment.”

Tecnica Group’s brand portfolio includes Blizzard, Lowa, Moon Boot, Nordica, Rollerblade, and Tecnica.

Image courtesy Tecnica Group