News & Press
Chaines et Cie Group, the historical French excellence in the creation of chains and custom jewelry, joined AMF Group
(Article attached in ENG, FR, ITA)
Paris, July 21st 2022 – AMF continues its sophisticated strategic path with the acquisition of Chaines et Cie from Frédéric Dreyfus, which will reinvest in the group and continue to play its management role in coordination with the AMF Group management team. For the first time in the luxury accessories manufacturing sector, France and Italy come together, establishing the first pan-European player, with forecasted 2022 revenues in excess of 120 M€, combining complementary approaches on a common vision of luxury.
Descending from four generations of goldsmiths, Chaines et Cie Group is a French manufacturer of chains and stainless-steel accessories for high-end leather goods and jewelry. Chaines et Cie Group is recognized for its outstanding artistic heritage in the chains market, allowing the company to establish an exclusive relationship with the most iconic luxury firms.
This milestone represents a further step in the construction of the most long term project of the industry, which adds art to manufacturing, consolidates compatible players and enriches the offer for customers who are driving the growth of the market. The combination of the savoir faire and product portfolio of Chaines et Cie with the technical expertise of AMF Group, which has recently acquired Italcatene - a primary Italian player in the chain segment - allows the group to leverage on important products’ and operational synergies.
Nicole Faerber of AMF Group and Frédéric Dreyfus of Chaines et Cie:
“Luxury thrives on love for details and the ability to draw from history, inventing the future. In this purpose of being, the union between France and Italy is the key. We’ll combine the artistic heritage and the savoir faire of Chaines et Cie with the creativity and technology of AMF, preserving our outstanding service level to our clients. We have many projects in mind and can't wait to get started together.”
AMF was assisted in the transaction by De Pardieu Maffei and Scalene Partners. Frédéric Dreyfus was assisted by G&G Avocats and Mirabaud Advisors.
Alpha is a private equity group with €2bn under management, specializing in mid-cap operations in continental Europe. Alpha joins entrepreneurs and managers in their growth projects, mainly as a majority shareholder. In Italy, in addition to the AMF Group, Alpha's portfolio includes Laminam (a leader in the global market for large-size ceramic slabs), Caffitaly (manufacturer of espresso coffee machine/capsule systems), Calligaris (a leader in the global market for high-end living & dining furnishings with Italian design), Remazel Engineering (designer and manufacturer of special equipment for the oil & gas sector), and Optima (multiutility with integrated energy and telecommunications offerings).
For further information:
Sergio Pisano: +39 02 4678752; +39 348 3113187