Cape Natixis Private Equity Fund has sold Schmid to Siparex.
Schmid creates and markets fabrics and accessories for the footwear sector that are outstanding both in terms of design and technological content, contributing to the company’s leading role upon the international “haute couture” scene. Total sales in 2007 have been around Euro 17 million with an EBITDA margin of approximately 20%. Cape Natixis sold Schmid for more than Euro19 million to the Italian branch of the French Private Equity Fund Siparex. K Finance advised Cape Natixis.