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Tengram Capital Partners to Acquire Luxury Menswear Brand Zanella.

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MANews-(C)2009-2015

18 June 2015 - US-based private equity firm Tengram Capital Partners has signed a definitive agreement to acquire the luxury menswear brand Zanella, the firm said.

The deal includes brand and business. Zanella best known for its offering of handcrafted, sartorial trousers made in Italy.

Zanella predominantly sells its classic dress pants through prestigious specialty stores and high-end department stores across the US, Canada and Europe, including key retail customers such as Nordstrom, Neiman Marcus and Mitchell's.

The company will continue to utilise its existing facility in vicenza, Italy to manufacture products that are expertly crafted by the artisans that have historically produced Zanella trousers.

Tengram is a Connecticut-based private equity firm that focuses exclusively on middle-market consumer and retail companies that own exceptional, highly recognisable brands.

The transaction is subject to the satisfaction of customary closing conditions.

In addition to his role as chief executive officer of Luciano Barbera, Todd Barrato will also be responsible for stewarding Tengram's investment in Zanella.

Previously, Barrato served as chief executive officer of North American operations for the...

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