Alcedo Aquires Majority Stake in Footwear Brand Atlantic Stars

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MILAN — Private equity Alcedo IV Fund has acquired a 60 percent stake in Italian premium sneaker brand Atlantic Stars. The value of the operation was not disclosed. The remaining 40 percent will stay in the hands of the brand’s four cofounders Alessandro Squarzi, Cristiano Martelli, Gian Luca Zucchelli and Matteo Zoni, who will keep their roles within the company in the style, manufacturing and distribution areas. The acquisition of a majority stake in the brand was realized through the purchase of Finest Shoes Srl and two other companies owning the Atlantic Stars footwear label, as well as the Rov firm, which delivers more elegant sneakers positioned in the affordable luxury segment. The latter was also part of the acquisition. “Alcedo is excited to work together with the four founders to accelerate the growth and internationalization of the Atlantic Stars and Rov [brands], positioning them as leading global brands in the premium and luxury markets,” explained Alcedo partner Sonia Lorenzet, who, along with Michele Gallo and investment manager Alessandro Zanet, conducted the operation on behalf of the private equity. Squarzi, who oversees the distribution division at the footwear brand, said stories of new brands that grow quickly are “rare and exceptional.” Atlantic Stars, with

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