Legendary safety apparel maker Dainese acquired by Investcorp
Founded in 1972, Dainese is the most recognized and respected brand for safety and quality in the motorcycle and other dynamic sports market. Originally famed for its competitive motorcycling racing wear, Dainese has subsequently diversified its product range and today provides protective gear for road and racing use alike, as well as for use in winter sports, biking and horse riding. In addition, through the AGV brand name, Dainese is also one of the leading protective helmet manufacturers for the motorcycle market.
Through its Dainese Technology Centre (D-Tec), an R&D technical centre for the study of protective technology and the development of innovative products, the Company ensures it remains at the forefront of innovation. Mr. Dainese is credited with inventing products such as back protectors, knee sliders and Dainese air bag (D-Air), an intelligent protection system which recognizes a dangerous fall and deploys special airbags around motorcyclists' bodies.
Mr. Dainese will remain on board devoting his life long experience in safety to develop innovative protective system for dynamic sports and everyday life.
Lino Dainese, founder and President of Dainese, said: "It was hugely important to us to find the right partner in this period of strong development for the company. I believe that Investcorp's proven track record, global presence and network will support the Company's continued international expansion and product innovation. I also believe that their support will enable me to refocus on my passion, driving forward technological advances in our product line and, in particular, the D-Air system."
Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in New York, London, Bahrain, Saudi Arabia and Abu Dhabi. Investcorp has three business areas: corporate investment in the US, Europe and the Gulf, real estate investment in the US and global hedge funds. As at June 30, 2014, Investcorp had $11.4 billion in total assets under management.
Further information, including our most recent periodic financial statements, which details our assets under management, is available at www.investcorp.com.
SOURCE Investcorp through PRNewswire by press release