CFI advised Dogi International Fabrics on the acquisition of Qualitat Tècnica Tèxtil (‘QTT’)

Madrid –  CFI acted as the exclusive financial advisor to Dogi International Fabrics, S.A. on the acquisition of 100% of the share capital of Qualitat Tècnica Tèxtil S.L.U. (hereafter, ‘QTT’).

Founded in 1993, QTT is a Barcelona-based company involved in the design and manufacturing of a wide variety of flat and knit fabrics, being a trusted supplier to the main fashion retailers in Europe. QTT generated c. EUR 16m in revenues in fiscal year 2016.

Dogi International Fabrics S.A. (‘Dogi’) [ISIN: ES0126962002, ticker symbol: DGI] is a Spain-based company primarily engaged in the textile industry. It specializes in the production and sale of elastic fabrics, as well as in the knitting and dyeing of textile fibers. Its facilities comprise production plants in Spain, China and the United States. The Company’s product lines include fabrics for lingerie, swimwear and sportswear, which are marketed under such brand names as Cristal, Dazzling, Sari, Liquid, Winn, Cooper and Invisible, among others. In addition, it sells its fabrics to such companies as Victoria Secret, Sara Lee, Vanity Fair, M&S and Triumph, among others.

The acquisition of QTT fits well in Dogi’s strategy of creating a relevant textile group, incorporating a new business unit focused on the design and production of alternative fabrics to those traditionally manufactured by the company.

The transaction was closed on 26 April 2017.

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