Acquisition in the luxury goods industry

Rino Mastrotto Group S.p.A., a portfolio company of NB Renaissance Partners Holdings Sarl, has acquired a majority stake in Mapel Group S.r.l.

Rino Mastrotto Group operates in the tanning and leather processing sector for the automotive, furniture and footwear industries. The group is specialized in the production and sale of premium bovine and calf leather for fashion and luxury items, high-quality leather for automotive steering wheels, with a growing presence in seats and dashboard, and for the upholstery industry.

Mapel Group is a company specialized in the manufacturing and sale of ribbons, inserts and accessories for luxury goods. Mapel Group, with over 30 years of experience in the market for leather tapes and components, is one of the leading Italian companies in this field and operates through two subsidiaries: Mapel Textile and Mapel Components.

The Leni and Ugolini families, the company’s founders, will retain a minority stake and continue to lead the company with key management roles.

Oaklins’ team in Italy acted as buy-side advisor to Rino Mastrotto Group (NB Renaissance) in the acquisition of a majority stake in Mapel Group.