EmCap buys minority stake in Alberto Moretti

Recently launched equity firm EmCap has bought

a stake alongside Italian investment fund GenCap Advisory in Alberto Moretti. The shoemaker will allegedly retain 60 percent of the business he founded three year ago while investors will hold a joint 40 percent.

"Footwear is one of the few segments in the fashion industry where the leaders are companies that didn't exist twenty years ago," says Alexandre Hamaide, managing partner at EmCap, when the investment was made public.

Based in Milan, Alberto Moretti´s namesake brand designs and manufactured luxury shoes for men and women, and sells its products online and in-store.

Although further detail of the transaction remains undisclosed, the company is estimated to make annual revenue of right below 10 million euros, according to data gathered by Reuters.

Launched under the stewardship of Jean-Fabrice Copé, a former investment exec at Wendel and KKR, EmCap targets European SMEs with revenues of up to 100 million euros within the apparel, fashion accessories, watches, jewellery, skincare, cosmetics, home-ware and gourmet food sectors.

Alexandre Hamaide, managing partner at EmCap, worked on the deal alongside colleagues Eric Lesieur, Victor Gavrilov and Jean-Fabrice Copé. Michelangelo Mantero, founder of GenCap Advisory, was also involved in the acquisition.