A story we have been chasing for some time now, Lino Dainese has finally found a buyer for his namesake company, Dainese. The purchaser is the aptly named private equity firm Investcorp, which is headquartered in Bahrain, and has additional offices in New York, London, Riyadh, and Abu Dhabi.
Buying 80% of the company’s stock for a reported €130 million, Investcorp’s valuation of Dainese would therefore be set at €162.5 million. The other 20% of the company is retained by Lino Dainese, himself.
Speaking to the VeneziePost (subscription required in order to read the article), Dainese Founder Lino Dainese has confirmed the news we broke last month about the Italian apparel manufacturer being in talks for investment, or possible acquisition.
According to the report, Dainese says the company came close to inking a deal with an unnamed private equity group, but terminated the talks because the parties could not come to terms with their agreement.
Motorcycle industry gossip is at a fever pitch this week with speculation that Italian motorcycle apparel manufacturer Dainese is up for sale. Adding credence to that rumors, Asphalt & Rubber has received a number of tips about the possible sale of the company, with a private investment group cited as a possible buyer.
When we approached with this information, Dainese simply said that rumors were simply that, rumors. However it is worth noting that at the helm of the company for the past few months has been interim-CEO Federico Minoli, the same man that lead Ducati Motor Holding to being acquired by Texas Pacific Group, and later took the Italian motorcycle manufacturer public on the New York Stock Exchange.
Today at the MotoGP test in Jerez, AGV debuted its next-generation helmet: the AGV PistaGP. The fruits of the Italian company’s Project 46, the PistaGP is the first helmet to come from AGV’s new AGV Standards program, which seeks create products with an inside-out approach. You have likely already seen Valentino Rossi testing the AGV PistaGP in the recent Sepang tests, and I have already waxed poetic about how excited I am about this product.
Generally I am not a big fan of AGV sport bike helmets (though I do have a torrid love affair with the AGV AX-8 Dual Sport helmet), as I find the field-of-view (FOV) on AGV lids to be far too limited for my riding tastes, but the PistaGP promises a host of improvements to AGV’s helmet design, especially an improved FOV, which should allay my complaints. For AGV, the company hopes the PistaGP, and its progeny from the AGV Standards program, will reposition the helmet manufacturer once again as again the pinnacle maker of motorcycle helmets.
Releasing details on the PistaGP to the assembled GP paddock press at Jerez, we can finally publicly talk about this new lid and AGV’s new approach to designing motorcycle helmets. Details after the jump, along with more photos than you can shake a stick at.