Alantra advises Coindu on the sale of a majority stake to Mastrotto

Oct 2024

Sell-side advisory

Madrid – Alantra has acted as financial advisor to Coindu – Componentes Para A Indústria Automóvel, S.A., on the sale of a majority stake to Mastrotto S.p.A, through an equity contribution to support the business’s relaunch.

Founded in 1988 in Portugal, Coindu is a leader in the design and manufacture of high-quality leather and textile automotive interiors. The company specializes in producing automotive seat covers and surface decorative interior parts, with differentiated detailing and construction processes. 

Gruppo Mastrotto, established in 1958 in Italy, is a global leader in the leather industry. The company specializes in producing high-quality leather for various sectors, including automotive, fashion, and interiors.

Under new ownership, Coindu becomes part of a leading leather industry group, further solidifying its financial and operational stability. For Gruppo Mastrotto, the acquisition represents a strategic step toward vertical integration, enhancing its capacity to deliver comprehensive automotive interior solutions and bolstering its competitive edge in the global market. Both Gruppo Mastrotto and Coindu are dedicated to expanding their presence in the luxury market, capitalizing on their combined expertise to meet the exacting standards of premium clients in their respective sectors.

The Gomes family will retain a minority stake in Coindu, while the existing management team will continue to play a strategic role in the company post-transaction. Antonio Candido, CEO of Coindu, will remain in his position with defined operational responsibilities, reporting directly to the shareholders.

Roberto León, Managing Partner at Alantra, said: “We are proud to have supported a partnership that not only enhances Coindu’s financial strength but also unlocks new opportunities for long-term growth and innovation. By aligning with Gruppo Mastrotto, Coindu is poised to leverage synergies that will strengthen its position in the luxury automotive market while maintaining its core values and leadership.”

Alantra remains committed to delivering tailored, strategic advice to its clients in complex and high-impact transactions. This deal further reinforces Alantra’s expertise in guiding family-owned businesses through transformative partnerships, supporting their ambitions for growth and market leadership.