Buy-and-Build Strategy: An Analysis of Gruppo Florence

This thesis examines the "Buy and Build" (B&B) strategy used by Gruppo Florence, a method in Private Equity (PE) where an initial company (platform) is acquired and expanded through further acquisitions of smaller firms. This approach drives value by fostering both organic and inorganic growth and creating operational synergies. It provides an overview of Gruppo Florence's formation and key acquisitions that strengthened its role in the luxury fashion industry. The financial analysis shows that this strategy has delivered notable returns despite economic challenges like inflation. The thesis concludes by confirming the strategy’s effectiveness, as shown by strong IRR and Cash-on-Cash-Multiple results.