Premium Italian sportswear brand Jeckerson has been sold to Sirius Equity, the private equity vehicle founded by former Jimmy Choo chief executive Robert Bensoussan and Stirling Square Capital Partners for €140m (£111.5m).
Jeckerson was founded in 1995 and is based in Bologna. It is the market leader in premium branded trousers in Italy and has 600 wholesale accounts in the country.
Jackerson said it had outperformed the market in the last four years delivering sell-through in excess of 90% for its wholesale accounts.
Stirling Square Capital Partners and Sirius are backing the existing management team led by Gianni Cantarelli. They bought the business from Blue Fashion Group and intend to extend its ranges and focus on international expansion.
Bensoussan will become non-executive chairman of Jackerson. Massimo Piombini, vice president of global sales at Bally, will also join the board.
Bensoussan said: "We have been impressed by the performance of Jeckerson and believe it has a strong base on which to build further market, channel and category expansion. We are excited about working with the management team, contributing our vision and experience towards the realisation of the development plan."
Cantarelli added: "With the active support of our new shareholders and directors, we expect Jeckerson to quickly mature into a more established international player while continuing to outperform its reference markets. The transaction provides a unique strategic fit for our company at this juncture."