Ergon is a disciplined and discreet value investor, which provides "patient and friendly capital"

Investments

> Date of Investment: June 2005
> Exit: August 2006/October 2016
> Region: Italy
> Sector: Retail
> Website: www.stroilioro.com
> Sales: €265MM

Stroili Oro is the Italian leader in medium to low-end jewellery retail distribution. At the end of June 2011, the Group operated 350 stores mainly exclusively located in shopping malls with three different brands and formats: Stroili Oro for contemporary jewellery, Franco Gioielli for more affordable jewellery, and Exx for a younger clientele in search of innovative products. In 2010 the Group started an ambitious international expansion plan, mainly focused on the Chinese and Russian markets

In August 2006, Ergon realized a partial exit by selling its stake to a pool of investors led by Investindustrial and by re-investing in a minority stake. Ergon helped expand the network and create new store concepts

In October 2016, Ergon completed its exit from the investment in the context of the sale of the Company to Thom Europe (French jewellery retail chain backed by PE funds Bridgepoint and Apax)