Favini was previously controlled by Orlando Italy. The transaction closed on December 21, 2018.
Favini is an Italy-based global leader in the manufacturing of niche, specialty paper products for the luxury and fashion industries with two production facilities in northern Italy.
The company operates through three business segments: (i) Casting Release, engaged in the production of eco-leather products in approximately 500 textures and finishes; (ii) Graphic Specialities, engaged in the production of natural-fibre-based board products (such as packaging) for the luxury and fashion industries; and (iii) Converting Products, engaged in the manufacture of high-quality stationery products.
CapM Advisors acted as financial advisor to Favini in order to achieve a buyout from Orlando’s current fund into a new vehicle controlled by management and funds managed by Fortress.