LBO France has signed an agreement to sell Bluclad, a leading Italian galvanic solutions provider for luxury goods, to Japan's YKK, the global leader in fastening solutions.

Target Information

Founded in 2008 and headquartered in Prato, Italy, Bluclad is a leading company specializing in the development of galvanic solutions for the luxury sector. The firm focuses on creating innovative chemical processes for metal accessories used in luxury products, which include chains, zippers, buckles, and components for clothing, leather goods, and footwear. Over the years, Bluclad has expanded its product offerings to include varnishing solutions, thereby solidifying its leadership position in the Italian market and enhancing collaborations with major international luxury brands.

In late 2018, LBO France, through its Small Caps Opportunities I fund, acquired a 60% stake in Bluclad alongside the company's management team. Since then, Bluclad has experienced significant growth, notably strengthening its leadership in Italy through the development of new products and an increased presence in the northeastern region of the country. Furthermore, the company has successfully expanded internationally with the opening of a factory in Portugal and has created strategic synergies with Progold, another portfolio company of LBO France, to accelerate Bluclad's galvanic operations in the jewelry segment.

Industry Overview in Italy

The luxury industry in Italy is renowned globally, characterized by a rich heritage of craftsmanship and a strong emphasis on high-quality materials and innovative designs. Italy is home to many prestigious brands, resulting in substantial demand for high-end accessories, which has, in turn, sparked growth i