FountainVest and HSG among Asian PE firms exploring €1bn Alpinestars deal
Asian PE firms including FountainVest and HSG are among investors considering bids for Italian motorcycle protection equipment maker Alpinestars, in a potential transaction that could value the business at around €1bn ($1.2bn), according to a report by Bloomberg.
FountainVest and HSG are among Asian private equity firms contemplating bids for Italian motorcycle protection gear company Alpinestars, potentially valuing the firm at approximately €1 billion ($1.2 billion), according to Bloomberg. Unnamed sources reveal that the firms are independently assessing offers for Alpinestars. The company is collaborating with a financial advisor to explore a potential sale, though negotiations are still in progress and no definitive decision has been reached.
Alpinestars has indicated that it routinely receives investment proposals, but remains committed to its long-term growth strategy, encompassing product innovation, motorcycle and cycling safety, and global market expansion. Established in 1963, Alpinestars is still family-owned by the Mazzarolo family. The company produces protective apparel such as motorcycle boots, helmets, jackets, and gloves, as well as airbag safety systems and sportswear.
Its products are utilized by teams in prominent motorsport circuits, including MotoGP and Formula One.
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