The Club Dealers acquires minority stake in Italy’s Granda Manufacturing Group

The Club Dealers, an initiative founded by Carlo Mammola and Enrico Ricotta, has acquired a minority stake in Granda Manufacturing Group (“GMG”), a leading Italian player in the swimming pool and wellness sector founded by the Cussino family, who remain the majority shareholders.

GMG is a dynamic and steadily expanding company, already active in several European countries. Its growth plan aims to consolidate the Group’s leading position in the domestic market while launching new projects to expand its product range and strengthen its international presence.

The transaction marks The Club Dealers’ second investment in 2025—following the one involving Domixtar Pharmaceuticals S.p.A.—and aligns with its investment strategy focused on supporting high-potential companies to foster medium- to long-term growth.

LMCR assisted the investors with all contractual aspects of the transaction, with a team coordinated by Roberto Rio and Elmar Zwick and composed of Marta Chiaffoni, Valerio Gabriele Zanardo, and Martina Ranzani. The Club Dealers also received strategic and market analysis support from Fortlane Partners, financial advice from New Deal Advisors, and tax assistance from Studio Gatti Pavesi Bianchi Ludovici, with Paolo Ludovici, Michele Aprile, Roger Demoro, and Lucrezia Piccinini.

The sellers were assisted by CFI Italy on financial matters, Studio Riccardi Salom Tedeschi on tax aspects, and Studio Legale Curallo, with a team led by Igor Curallo, on contractual matters.