Consumer

HPS, Arcmont Provide €25 Million in Fresh Funds to Dainese

A Dainese protection vest in Kitzbuehel, Austria. — A Dainese protection vest in Kitzbuehel, Austria.
Photographer: Alexander Klein/AFP/Getty Images

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By Giulia Morpurgo

July 22, 2025 at 4:55 PM UTC

HPS Investment Partners and Arcmont Asset Management provided €25 million ($29.3 million) of fresh funding to ailing Italian sportswear maker Dainese SpA as part of broader negotiations that could see the private-credit funds take over the business.

Dainese has issued the new debt as private notes due in three years, according to a statement from the company on Tuesday. HPS and Arcmont had already underwritten €285 million of notes maturing in 2028 to finance Carlyle Group Inc.‘s buyout of Dainese in 2022.