Amf has executed a sale and purchase agreement for the acquisition of Mimest from founder shareholders and Sdn Holding. The completion of the transaction is expected before summer break.

Amf has been advised in the transaction by Pedersoli Studio Legale, with a team led by Carlo Re (equity partner) and Stefano Milanesi (junior partner), and composed of Melissa Pace (trainee), as to corporate aspects and Alessandro Bardanzellu (partner), in relation to antitrust matters. Mimest shareholders have been counseled by Gitti and Partners, with a team led by Vincenzo Giannantonio (partner) and composed of Nicola Malta and Antonino di Salvo (associates).

Matteo Perina and Rudj Bardini, current managers of Mimest, shall will continue to lead the company in coordination with the management team of the Amf Mimest Group, with registered offices in Avio (TN) and established in 2005 by a group of engineers within the Business Innovation Center of the University of Trento, who specialises in the manufacture of metal components through Metal Injection Molding (MIM) technology.

By acquiring Mimest, Amf group, which closed 2019 with a turnover of 53 million euros, becomes the first manufacturer of metal accessories for the fashion and luxury sector to integrate metal injection moulding technology at an industrial level, thus intercepting the growing demand for steel products from leading international luxury firms.

In addition, by acquiring Mimest, Amf group confirms its outstanding position in the consolidation process of a market which is still very fragmented and subject to a necessary evolution. As a result of the acquisition of Amf group by Alpha in 2019 and within the consolidation process of the market, in the month of January 2020 the parties entered into negotiations which, following a due diligence process, were concluded under the same pre-Covid conditions.