Hind's subholding finalizes-through its affiliate Rilievi-the acquisition of a majority stake in the Emilia-based company specializing in high-quality embroidery and decoration, with several collaborations with leading national and international luxury fashion houses under its belt
With this new operation, HModa thus expands and integrates its offering in the world of embellishment, continuing on its industrial path of investing in the excellence of the Italian fashion supply chain
Holding Moda (HModa) announces the acquisition of 100% of PuntoArt S.r.l., a company specialized in embellishment, embroidery and decorations on fabric. Finalized through Rilievi, leader of the embellishment segment and entered HModa in September 2022, this operation brings HModa to strengthen its positioning in the segment, welcoming another reality representative of the excellence of Made in Italy.
Founded in San Mauro Pascoli (FC) in 1981 with an initial focus on embroidery, PuntoArt later expanded its expertise to specialize in all major forms of contemporary decorating. Under the leadership of the founder, Franca Pironi, flanked by her husband Paolo Raggini, the company has grown over the years, focusing on innovation with continuous investments in new technologies aimed at diversifying its offerings and increasing productivity. Today PuntoArt is distinguished by a wide range of workmanship that embraces both traditional and cutting-edge techniques: from precision laser cutting to refined engravings, passing through the elegance of Cornely and the art of macramé, to heat-sealing and stud work. With a staff of about 30 people, PuntoArt had a turnover of about 2.5 million euros in 2023.
With the arrival of PuntoArt, HModa now boasts a diversified portfolio of 17 participated companies, including Uno Maglia (jersey workings), Alex&Co. (leather garments), RBS (outerwear), Albachiara (women’s lightweight apparel), GAB (leather goods), Project (denim), Valmor and Dema (footwear), Famar (women’s menswear), Rilievi and Punto Art (embellishment and embroidery), Seriscreen (screen printing and printing on leather and textiles), Beste (textile and clothing production), Elledi (uppershop), Lanificio Arca (wool and cashmere shuttle weaving), Taglionetto and Emmetierre (small leather goods).
Rilievi and HModa were assisted by STPG, through STPG – Scouting Capital Advisors as financial advisor, and by PWC as legal advisor with a team led by attorneys Filippo Zucchinelli and Giulio Della Casa while due diligence was handled by Studio Brini of Bologna for tax aspects, and by HRSTP of Bologna for labor law aspects. PuntoArt was assisted by Studio Cauli, Marmocchi, Orsini & Associati of Bologna, with a team composed of Dr. Claudio Orsini, in the role of financial advisor, and Dr. Luisa Pasquali, in the role of tax advisor, and Studio Legale Bontempi of Faenza as legal advisor.
Claudio Rovere, founder and president of Hind, said, “This acquisition represents another important step for HModa’s positioning, allowing us to consolidate our offering in the world of special processing with a synergistic project that is consistent with our long-term industrial vision: to promote the development of virtuous realities, capable of perfectly representing the excellence of Made in Italy.”
Simona Finelli and Stefania Marocchi, founders of Rilievi, and Michele Galliano, CEO, add, “Rilievi is committed to bringing PuntoArt – our important partner for a long time – inside HModa, emphasizing the quality of its workmanship, the continuous search for refinement and cutting-edge technologies, and the high attention it pays to the needs of customers in the luxury world. We are therefore excited to start a renewed path of growth in embellishment with a company and a team of unquestionable value.”
Franca Pironi and Paolo Raggini state, “We are confident that joining HModa alongside Rilievi will give PuntoArt a new and significant acceleration, as well as the opportunity to count on the experience and expertise of a solid and reference Group in the industry, with which we share values and philosophy.”
