La Perla Global Management, the parent company of global lingerie brand La Perla, has been bought by private investment firm Sapinda for an undisclosed amount.
Founded in 1954 by Ada Masotti, La Perla is headquarted in London and employs more than 1,500 people in over 150 global locations.
The news comes after talks with previous owner, Pacific Global Management, to sell the brand to Chinese investment firm, Foson International, failed to complete.
Silvio Scaglia, founder and chairman of Pacific Global Management, said: “We are delighted that Sapinda has acquired La Perla to continue our vision of creating the leading global luxury-fashion brand that explores the feminine imagination in all its facets. I have known Sapinda and its CEO Lars Windhorst for many years and have worked with him a number of times in the past. I know that Sapinda has the necessary resources to take La Perla to the next level and continue my vision of building a global luxury brand, but keeping production in Europe.
“La Perla heritage in corsetry was the foundation for starting a real revolution in fashion. We are proud to have a unique team, with the ability to create luxurious and unique products which are made in Italy.
Lars Windhorst, CEO of Sapinda, commented: “We are delighted to have the opportunity to become the owner of La Perla, an iconic brand and one of the world’s leading players in the luxury space. Silvio and his team have done a tremendous job in expanding the business in a sector that continues to demonstrate huge growth potential. We are prepared to further invest, to improve the financial performance of the company and to continue implementing Silvio’s vision for La Perla and its ‘Made in Italy’ creations.
“We have been looking to invest in the luxury goods sector for a while, and after analyzing a number of opportunities during the last few months, we are pleased that we were able to secure the acquisition of La Perla.”
Based in Amsterdam, Sapinda is a privately-owned principal investment holding company, focused on special situation investment opportunities across continental Europe, Africa, Middle East and Asia.