Grivel secures investment and operational support from Midi Management
Summary
The heritage mountaineering equipment brand partners with the Swiss operator and investor to support the development and expansion of its business.AOSTA, Italy, Aug. 8, 2024 /PRNewswire/ -- Grivel, the renowned Italian mountaineering equipment brand with a 200-year legacy, proudly announces that it has entered a strategic partnership with Midi Management, an operating and investment firm specializing in category-defining consumer products. Grivel will continue to serve the mountaineering and climbing market with a focus on improving the practitioners experience while preserving the brands over 200 years of heritage. This strategy will be supported by an improved operational backbone and additional talents led by Oliviero Gobbi, who is retaining all his shares and will continue as CEO of the Company. "Midi Management was advised by Gianni & Origoni and KPMG.Additional terms of the deal were not disclosed.Grivel, founded in 1818 at the foot of Mont Blanc, is a world leader in manufacturing technical mountain and climbing equipment. Rooted in a rich heritage and driven by innovation, Grivel is headquartered in the Aosta Valley, Italy with a strong global presence and representation.