Asian private equity 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 Private Equity Wire, citing a Bloomberg report.
FountainVest and HSG assess possible offers
The Bloomberg report cited by Private Equity Wire says unnamed people familiar with the matter described FountainVest and HSG as separately evaluating possible offers for Alpinestars.
Those people familiar with the matter were cited as saying the firms are considering bids for the business.
Sale process, adviser, and status
Alpinestars is working with a financial adviser on a potential sale, according to Private Equity Wire’s summary of the Bloomberg report.
Discussions remain ongoing and no final decision has been made, according to Private Equity Wire.
Alpinestars said it regularly receives investment proposals but remains focused on its long-term growth strategy, including product innovation, motorcycle and cycling safety, and international expansion.
Company background and product scope
Alpinestars was founded in 1963 and remains owned by the Mazzarolo family, according to Private Equity Wire.
The company manufactures protective equipment including motorcycle boots, helmets, jackets and gloves, as well as airbag safety systems and sportswear.
Its products are used by competitors in major motorsport series including MotoGP and Formula One.
Widely known context
Private equity firms commonly evaluate potential acquisitions through non-binding offers and diligence while a company works with advisers on a possible sale process.
Bloomberg is a widely followed financial news service that frequently reports on M&A discussions based on people familiar with the matter.
