June 23, 2021
PAI Partners had acquired Pasubio, a specialised provider of premium leather for the automotive industry.
Pasubio, headquartered in Vicenza, Italy’s leather district, is a European leather manufacturer producing high quality leather products for car interiors serving the premium and luxury automotive segments. Pasubio employs approximately 1,000 people and operates six facilities, where it performs tanning, post-tanning and cutting activities, with plants in Europe and North America as well as a dedicated R&D centre in Italy. Key clients include Porsche, BMW, Bentley, JLR, VW, Rolls Royce, Lamborghini and Maserati.
Simone Cavalieri, Partner and Head of Italy at PAI Partners, said: “We are delighted to invest in Pasubio. The Company has a fantastic reputation in its field and is a key European player with significant global potential. We look forward to partnering with the Pretto family to support their exciting growth plans and further strengthen Pasubio’s leading position in the high-quality automotive leather market.”
Luca Pretto, CEO of Pasubio, added: “We have very much enjoyed our journey with CVC, and we would like to thank them for all their support in helping us transform under their ownership. Over the last few years, we have further professionalised our operations and processes, through a combination of new skills and automation, as well as built-up an unrivalled track record of quality and service for our clients around the world. We are very excited to be partnering with PAI and to benefit from their strong experience going forward, as we look to further grow our position as a global and diversified market leader, both organically and through acquisitions.”