MILAN — Italian private equity fund DGPA SGR will on Tuesday close on the sale of its 75 percent majority stake in Golden Goose Deluxe Brand to mid-market investment company Ergon Capital Partners III. Zignano Holding SpA is co-investing with Ergon by buying a minority stake in the fashion firm.

The value of the deal was not disclosed.

DGPA SGR, along with minority shareholder Riello Investimenti Partners’ Fondo Gate, acquired its stake in the Venice-based fashion brand in 2013 for 45 million euros, or $59.8 million at average exchange rate.

Golden Goose Deluxe Brand’s founders and creative directors Alessandro Gallo and Francesca Rinaldo retain their 25 percent minority stake in the company. DGPA SGR chief executive officer Roberta Benaglia remains ceo of the Golden Goose Deluxe brand.

“Golden Goose Deluxe Brand is greatly positioned in the luxury market segment thanks to the quality and research characterizing its products, the ability of creating trendy pieces able to become long-lasting style icons, as well as the coherence and strong identity of its style, which are at the base of a relevant yet sustainable growth in the next few years,” Benaglia said. “We are happy to have Ergon as our main stakeholder, which will help us develop the business at our best.”

Established in 2010, the brand, which expects to close 2015 with revenues of 70 million euros, or $83.5 million at current exchange rate, has tripled its business in less than three years.

Golden Goose operates flagships in Milan, Amsterdam, Paris, Beirut, Tokyo, Seoul and New York. There, the company runs a boutique in SoHo, which will be officially inaugurated in September with a party where customers will be able to buy limited edition sneakers signed by the brand’s creative directors. In the U.S., the label also sells in 45 department stores, including Barneys New York and Neiman Marcus, and boutiques across the country.

According to Benaglia, additional stores will be opened by the end of the year, including three units in Japan, six shops-in-shop in Korea, a boutique in Dubai and one in Hong Kong. “We are also looking for a location in London, which we hope to debut in the spring of 2016,” Benaglia said.

Backed by Groupe Bruxelles Lambert, Ergon manages capital of 775 million euros, or $887 million, and includes investments in eight companies operating in different sectors, from luxury and retail, to industrial manufacturing, health care and media.

DGPA SGR, which counts beachwear label Sundek among its investments, is negotiating the acquisition of a stake in Italian contemporary label MSGM, a deal it hopes to complete by the end of the year.

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