* Tamburi seeks tech, fashion, retail investments
* Printemps capital gain will not make company rush to
* Ruffini Partecipazioni stake chiefly a bet on Moncler
MILAN, Aug 14 Italy's Tamburi Investment
Partners (TIP) is looking for further purchases after
leading a consortium to buy into luxury ski wear maker Moncler,
chief executive Giovanni Tamburi said on Wednesday.
TIP, which Tamburi said has investments worth about 1
billion euros ($1.3 billion), acquired an indirect stake in
Moncler this month when its majority-owned vehicle Clubsette
bought 14 percent of Moncler President Remo Ruffini's holding
The independent investment bank, which also holds stakes in
hearing aid maker Amplifon and cable maker Prysmian
, is mulling deals in the technology, fashion and retail
sectors in Europe, at a pace of between one and three a year.
"We have absolutely not finished," Tamburi told Reuters. "We
still have liquidity, we still have investors who want to join
us, so we're still looking at potential deals - and there are
lots of opportunities in Europe."
TIP booked a capital gain worth about 33 million euros in
July from the sale of its stake in holding companies for French
department store chain Printemps, but the cash will not make it
any less choosy about its investments, Tamburi said.
"We won't let having lots of money make us rush to invest."
The 103 million euro investment in holding company Ruffini
Partecipazioni, which owns 32 percent of Moncler, is primarily a
bet on the ski wear brand, Tamburi said.
"Ruffini Partecipazioni effectively means 32 percent of
Moncler," Tamburi said, adding that its other investments, in
secondary brands in the Moncler group such as Henry Cotton's and
Marina Yachting, are valued far below the flagship label.
The goosedown jacket label is set to list - without the
secondary brands - on the Milan bourse in the last quarter of
this year. Sources have told Reuters that Ruffini plans to keep
his 32 percent stake.
Sources close to the matter have said the IPO values Moncler
at about 2 billion euros, but Tamburi declined to put a value on
Tamburi said the decision to invest in Ruffini was taken
regardless of whether Moncler would list or not.
"Our participation in Ruffini Partecipazioni completely
disregards the possible effects of a listing - whether it takes
place sooner or later."
($1 = 0.7538 euros)
(Reporting by Isla Binnie; Editing by Anthony Barker)