# Tamburi Investment Partners to acquire 25% stake in Limonta

Tamburi Investment Partners (TIP) submitted a binding agreement to acquire a 25% interest in Limonta SpA, a textile and coating specialist, for €89 million. The deal is expected to close by end of 2021.

- Type: Acquisition
- Announced: 2021-10-15
- Where: Lecco, Italy, Italy
- Value: $103.0M (89.0M EUR)
- Status: announced
- Products: jacquards, coated fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Tamburi Investment Partners](https://endata.com/companies/58455.md) (acquirer)
- [Limonta](https://endata.com/companies/58456.md) (target)

## Sources

- [wwd.com](https://wwd.com/business-news/mergers-acquisitions/feature/tamburi-investment-partners-invest-limonta-1234976924/), 2021-10-15: "Tamburi Investment Partners revealed it has submitted a binding agreement to acquire 25 percent of Limonta SpA."
- [leccotoday.it](https://www.leccotoday.it/notizie/limonta-cessione-tip.html), 2021-10-16: "La famiglia Limonta ha sottoscritto un accordo vincolante per l'ingresso di Tip al 25%: investimento da 89 milioni."
- [bebeez.it](https://bebeez.it/private-equity/tip-rileva-il-25-dei-tessuti-di-alta-gamma-limonta-per-89-mln-euro/), 2021-10-18: "Tamburi Investment Partners (TIP) ha annunciato venerdì 15 ottobre la sigla di un accordo vincolante con la famiglia Limonta per l'acquisto del 25% dell'omonimo produttore italiano di tessuti di alta gamma, Limonta spa"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.