PT Torino is set to be delisted after a successful public offering, leading to an integration with Dondup under the Quadrivio Group aimed at enhancing growth and synergy within the fashion industry.

Target Company Overview

PT Torino has recently undergone a successful public offering, achieving a 90.4% subscription rate. Following this success, the company is set to proceed with its delisting from the Euronext Growth Milan within the week. This strategy aims to enhance the integration process between PT Torino and Dondup, both of which are under the management of Quadrivio.

The valuation of PT Torino stands at approximately €37.6 million, based on a multiple of 5.7 times its 2022 EBITDA of €6.6 million. In the last fiscal year, the company generated revenues of €30.4 million and reported a net cash position of €21.5 million, leading to an overall equity value of €60.4 million. PT Torino made its debut on the Euronext Growth Milan in May 2015 after attracting €21.36 million from investors at a share price of €18.60.

Industry Overview in Italy

The fashion industry in Italy remains one of the most significant sectors, reflecting the country’s rich heritage in craftsmanship and design. With brands like PT T