Private equity firm Oakley Capital is strengthening its Iconic BrandCo platform, which brings together luxury and traditional brands, by adding British leather goods and stationery company Smythson and Italian brands Fornasetti (bespoke design) and Fabbrica Pelletterie Milano (luxury luggage).
Oakley Capital is betting on European luxury. The private equity firm has just expanded its portfolio, for an undisclosed amount, with three new heritage brands: the English Smython of Bond Street and the two Italian brands Fornasetti and Fabbrica Pelletterie Milano.
Luxury and traditional brands
These new acquisitions will “strengthen and diversify” the Iconic BrandCo platform, the investment company of the Oakley Capital Fund III fund, launched in 2020, which invests “in luxury and traditional brands to create value.” Until now, it had integrated three historic brands already based in Italy and the United Kingdom: Alessi, an Italian specialist in premium home design; Globe-Trotter, a British manufacturer of high-end luggage; and Connolly, “renowned for its leather goods and high-end clothing.”
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Featured image: montage from left to right © Smythson of Bond Street, Fornasetti and Fabbrica Pelletterie Milano
