Link to Iniziativa acts as Financial Advisor in the transaction supporting the growth of the iconic Made in Italy women’s fashion brand Sandro FerroneIniziativa acts as Financial Advisor in the transaction supporting the growth of the iconic Made in Italy women’s fashion brand Sandro Ferrone
Iniziativa, the Italian management consulting boutique specialized in corporate growth through finance and innovation, has supported Ferrone S.p.A. — owner of the historic and well-known women’s fashion brand— in the issuance of a €2.5 million minibond as part of the “Basket Bond Lazio” program promoted by the Lazio Region.
The transaction’s subscribers include Mediocredito Centrale and Cassa Depositi e Prestiti, with the arrangement handled by a consortium comprising MCC, Banca Finint, Banca Finnat, and BNL BNP Paribas.Ferrone, a long-established company founded in the 1950s, designs and distributes women’s clothing and accessories, with a growing presence in both the retail and international markets. The company distributes its collections through a network of multi-brand stores and department stores in Italy and abroad, as well as through over 40 mono-brand boutiques, primarily under direct management.
Following its acquisition by the Carillo Fashion Group in 2020, which took full ownership of the company, Ferrone has experienced steady revenue growth, surpassing €30 million in turnover in 2024. The newly raised financial resources will further support its strategic development plan, including the opening of new stores, the expansion and enhancement of its Rome headquarters, and new investments in digital transformation and marketing.
The “Basket Bond Lazio” initiative is a structured finance tool designed to promote bond issuance (minibonds) by SMEs in the Lazio Region, encouraging the development of alternative and complementary financing channels beyond traditional bank credit. Following the October issuance of four bonds for €8.5 million, the portfolio now totals around €30 million, with additional resources still available.
Through this transaction, Iniziativa once again demonstrates its strong capability in supporting clients’ strategic growth with high-value advisory services, consolidating its position as a leading corporate finance player with recognized expertise in Debt Management and a portfolio of about €100 million in completed or closing deals.
Ferrone was assisted by Iniziativa as financial advisor, with a team led by Partner Marco Messina, involving Founding Partner Ivo Allegro and analysts Simone Bonocuore, Federica delle Cave, and Mattia Messina. For tax, accounting, and administrative matters, the company was supported by Studio Giordano, with Partner Antonio Giordano overseeing the process.
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