H.I.G. Capital, through Cadicagroup, has acquired Varcotex S.p.A., a leading producer of luxury labels, enhancing its presence in the premium accessories market.

Target Information

H.I.G. Capital, through its portfolio company Cadicagroup S.r.l., has successfully acquired Varcotex S.p.A., a specialist in providing accessories to major premium and absolute luxury clothing brands. Located in Carpi (Modena) and employing approximately 60 staff, Varcotex has been operational since 1982, focusing on the production of woven labels, tags, printed labels, and leather labels primarily for the luxury sector.

Paolo Munari, an entrepreneur who joined Varcotex as an employee 25 years ago, has taken a remarkable journey within the company. After earning his degree, he progressively purchased shares from the founding families until becoming the sole owner through his holding company, Rilke S.r.l., a few years ago. Under his leadership, Varcotex has emerged as a leader in its field, recognized for its production efficiency and product quality.

Industry Overview

The luxury goods sector in Italy is renowned for its high standards and artisanal production techniques, which have positioned the country as a global leader in fashio