Tivoli Group, active in the development and manufacturing of leather goods for international brands and owner of the Smythson of Bond Street brand, together with the holding company Greenwill, has sold the Smythson Group—a renowned British leather goods and stationery brand they have controlled since 2009—to Oakley Capital.
Our firm, with Equity Partner Francesco Santucci, acted as global advisor to Tivoli Group and Greenwill Holding in the sale of the Smythson Group to Oakley Capital.
The law firm Charles Russell Speechlys coordinated the general legal aspects and assisted Greenwill Holding.
Casella e Associati, with Equity Partner Valentina Casella, advised Tivoli Group on corporate legal matters.
Tivoli Group, which has supported the consolidation of Smythson in key international markets, will continue to support the brand in the development and production of its leather goods collections.
Through this transaction, Smythson becomes part of Iconic BrandCo, Oakley Capital’s platform dedicated to luxury and heritage brands.
In the words of Stefano Giacomelli, CEO of Tivoli Group and Vice President of Smythson:
“This transaction allows us to further invest in our core business by focusing even more decisively on Tivoli Group’s growth objectives as a multi-brand manufacturer. We aim to bring our proven expertise in leather goods development and production to our current selection of clients, which includes more than a dozen classic luxury and emerging brands, primarily based in Europe and the United States.”
