MILAN — Italian private equity firm Clessidra SGR has inked an agreement to take a 35 percent stake in Harmont & Blaine SpA through a capital increase, with the goal of supporting the Italian fashion brand’s international growth. The two companies had entered into exclusive negotiations in March.
Harmont & Blaine president Domenico Menniti said that, in accordance with his partners Enzo Menniti and Paolo and Massimo Montefusco, he believed Clessidra shared “a common strategy to develop the company. With this agreement, we set the foundations for the start of an international growth that will consolidate the Harmont & Blaine brand globally.”
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