Pronovias, S.A.
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Pronovias, S.A. - overview
Established
1964
Location
Barcelona, -, Spain
Primary Industry
Retail
About
Pronovias, S. A. is a Spanish designer specializing in luxury bridal and formal wear, offering a comprehensive range of high-quality wedding dresses and occasion attire for brides and special events. Founded in 1964 in Barcelona, Spain, Pronovias, S.
A. designs luxury bridal and formal wear. In December 2022, Bain Capital and MV Credit acquired a majority stake in the company for EUR 110 million as part of a Recapitalisation, enhancing its financial stability. The CEO is Marc Calabia.
Pronovias specializes in luxury wedding dresses and designer formal wear, providing a wide array of bridal gowns, occasion dresses, and accessories tailored to brides and special event attendees. Their offerings include various styles, such as mermaid, A-line, and plus-size silhouettes, complemented by accessories like veils and headpieces, available in markets including the United States, Europe, Asia, and Latin America. In 2023, Pronovias reported a revenue of EUR 76. 24 mn and an EBITDA of EUR 55.
76 mn, driven primarily through direct-to-consumer sales via boutiques and online platforms offering personalized fittings and consultations. Following its Recapitalisation in December 2022, Pronovias plans to utilize the funding to enhance its balance sheet and reduce debt, while executing strategic initiatives for future growth. The company aims to design new product lines and expand its market presence in North America and Asia by 2025, catering to an evolving clientele seeking luxury wedding attire.
Primary Industry
Retail
Sub Industries
Clothing, Accessories, Clothing Stores
Website
www.pronovias.com
Verticals
E-commerce, Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Pronovias, S.A. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recapitalisation | Announced | Pronovias, S.A. | - | ||||||||
| Add-on | Completed | Nicole Fashion Group S.p.A. | - | ||||||||
| Secondary Buyout | Completed | Pronovias, S.A. | - |
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