Italian Protective Gear Maker Dainese To Be Taken Over by Two Private Credit Lenders

October 24, 2025 - Carlyle Group is reportedly in advanced talks to transfer control of Italian protective gear maker Dainese to private credit lenders HPS Investment Partners and Arcmont Asset Management, as the firm seeks to address mounting losses at the business.

The deal, according to Bloomberg, would be among the first lender-led takeovers in Italy’s growing private credit landscape. Carlyle acquired Dainese in 2022 through a €285m debt-financed transaction, backed by privately placed loans from the two credit firms. The company has since struggled financially, recently deferring an interest payment as discussions intensified.

https://pe-insights.com/carlyle-eyes-debt-for-equity-handover-of-dainese-to-hps-and-arcmont/