Tessilbiella S.r.l. is an Italian company based in Vigliano Biellese (Biella), specializing in the production of high-quality wool fabrics for leading international luxury brands. The company is a long-established player in the Biella textile district and combines expertise across the supply chain, including through its subsidiary Iride, which specializes in dyeing and finishing.

Athena Holding acquired a majority stake in Tessilbiella with the aim of supporting its industrial development and strengthening its position in the premium textile segment. The transaction allows the founding family to remain at the helm of the company and continue the growth path undertaken over the years.

Cross Border acted as exclusive financial advisor to Tessilbiella’s shareholders, providing full advisory support throughout the transaction process, including the preparation of marketing and information materials, coordination of the due diligence activities, negotiation and structuring of the transaction, selection and assessment of potential investors, and the identification of the most suitable transaction structure for both the shareholders and the company.