SPW Fabrics, Spain’s leading manufacturer of technical fabrics for sportswear, swimwear, workwear, and industrial applications and an Alantra Private Equity portfolio company since 2024, has partnered with M.I.T.I. Manifattura Italiana Tessuti Indemagliabili S.p.a (“MITI”), a leading family-owned Italian producer of warp-knitted technical fabrics. The transaction brings together two sector champions to create one of Europe’s most comprehensive and innovative technical fabrics platforms.
Founded in 1931 and headquartered in Urgnano (Bergamo), MITI is widely recognized as the global benchmark in high-end cycling and sportwear fabrics, with a growing presence in workwear and fashion.
The combination of MITI’s heritage and expertise in warp-knit innovation with SPW’s circular-knitting capabilities creates a highly complementary industrial group offering one of the broadest portfolios of high-performance fabrics in Europe. Together, the companies will generate around €50mn in revenues, employ more than 300 professionals, operate four manufacturing sites across Italy, Spain, and Hungary, and maintain a strong international footprint, with over 70% of sales abroad.
Entrepreneurial continuity remains at the core of the project, with the founding families of MITI and SPW continuing their involvement in the business, supported by Alantra Private Equity as a long-term strategic partner.
The combination of MITI and SPW Fabrics positions the group for further expansion, which Alantra Private Equity aims to pursue through selective acquisitions and strategic partnerships across Europe.
Alantra Private Equity was advised by EY (Due Diligence), Legance Avvocati Associati (legal) and Marsh (insurance). The shareholders of MITI were advised by Ethica Group (financial), PedersoliGattai (legal) and DWF Italy (legal). Essentia provided support on the financing.
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