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NEWS
Dainese ownership changes hands
The 42-year-old company has been purchased by a Bahrain investment group, with founder Lino Dainese retaining a minority shareInvestcorp, a leading global provider and “manager of alternative investment products”, has acquired a majority share in legendary Italian company Dainese. The value of the investment is €130 million ($A187 million).
Founded in 1972 by Lino Dainese (pictured), Dainese is one of the most recognisable brands 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 winter sports, biking and horse riding. Dainese also owns AGV helmets.
Lino is credited with inventing products such as back protectors, knee sliders and the Dainese air bag (D-Air®), a protection system which recognises a dangerous fall and deploys special airbags around motorcyclists’ bodies.
Lino retains a minority stake in Dainese, as well as remaining on the board. He 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.”
Dainese’s great Italian rival, Alpinestars, remains in private hands.
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Written byBikesales Staff
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Please see our Editorial Guidelines & Code of Ethics (including for more information about sponsored content and paid events). The information published on this website is of a general nature only and doesn’t consider your particular circumstances or needs.
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