After three years of shopping it around, Investcorp has finally sold the Dainese group of brands, with The Carlyle Group (an American private equity firm) purchasing the Italian apparel manufacturer for a reported €630 million.
That number represents a nearly 5x return from the €130 million that Investcorp spent when it purchased 80% of Dainese SpA from founder Lino Dainese in 2014 – making the venture quite a profitable one for the Bahraini firm.