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Lino Dainese

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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. Dainese’s future goals rest heavily on its airbag technology, as Dainese plans on bringing D-Air to markets outside of motorsport and sport in general. The company also has an aggressive plan to grow outside of Italy, making a bigger push into North America and developing markets.

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. Quick to assure the Italian press that the investment was not one of necessity or because of unnecessary funds with the motorcycle apparel manufacturer, Dainese instead points to the company’s current goal on providing safety equipment and garments outside of the motorcycle industry, and other niche sports.

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.

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. AGV 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.