Latest news with #Dainese
Bloomberg
22-07-2025
- Business
- Bloomberg
HPS, Arcmont Provide €25 Million in Fresh Funds to Dainese
HPS Investment Partners and Arcmont Asset Management provided €25 million ($29.3 million) of fresh funding to ailing Italian sportswear maker Dainese SpA as part of broader negotiations that could see the private-credit funds take over the business. Dainese has issued the new debt as private notes due in three years, according to a statement from the company on Tuesday. HPS and Arcmont had already underwritten €285 million of notes maturing in 2028 to finance Carlyle Group Inc. 's buyout of Dainese in 2022.
Bloomberg
04-07-2025
- Business
- Bloomberg
Carlyle Is in Talks to Hand Over Dainese to Private Lenders
Carlyle Group Inc. is in talks to hand over the keys to Dainese SpA to creditors HPS Investment Partners and Arcmont Asset Management, in one of the first potential private credit takeovers in Italy. The ownership transfer of the Italian sportswear company would be consensual and the firms are still negotiating the details of the deal, said people with knowledge of the matter, who spoke on the condition of anonymity. Nothing is finalized and the outcome could still change, they said.
Bloomberg
29-05-2025
- Business
- Bloomberg
Carlyle's Dainese Seeks to Renegotiate Its Debt as Losses Soar
Dainese SpA, a sports clothing brand owned by Carlyle Group, is looking to renegotiate its debt terms after losses steepened in 2024. The Italian company, which produces high-end wear for motorcyclists and skiers, said it wants to open debt talks with creditors after it reported a €120 million ($136 million) loss last year, almost three times bigger than in 2023, according to its annual financial report published earlier this month.
