Leading German underwear company, Felina, was acquired by private equity firm Palero Invest in Luxemburg. The deal concluded on 27th February 2015 did not reveal the amount paid but Felina claim to generate annual sales of EUR 50m, of which some 65 per cent is accounted for by exports.
Felina provides under the brand names Felina, Conturelle and [un:usual] a wide range of feminine lingerie and employs some 800 employees worldwide. The Mannheim-based underwear business was previously owned by a Swiss-holding company.