Leading international legal practice Norton Rose has advised Emerisque Brands UK Limited (“Emerisque Brands”), a growth-oriented global investor, in relation to the acquisition by Cavaliere Holdings S.à r.l. of MCS Italia S.p.A. (“MCS”). The sale and purchase agreement was signed on 22 April 2013. The value of the transaction is confidential.

MCS is a key player in the upscale casual clothing sector, with a success story over the last 25 years built around the ability to interpret American lifestyle through Italian fashion. Its well-known brand “We the People” is sold in 40 markets worldwide. Emerisque Brands aims to enhance MCS' potential in current core markets and seek growth in emerging markets such as Greater China, Greater Russia, India and the Middle East.

Paolo Daviddi, corporate partner in Norton Rose’s Milan office, commented:

“We are delighted to have been involved in this successful deal which will further internationalise a well known and highly reputable Italian fashion label. We are confident that the skilled advisors at Emerisque Brands, including co-founder Ajay Khaitan, will help MCS secure its leading position in current markets and capture global growth opportunities.”

The Norton Rose team for Emerisque Brands was led by Milan-based Partner, Paolo Daviddi, who was assisted by Senior Associate Cristina Gabardi and Trainee Priscilla Cremaschi - for corporate issues - [Senior Associate Paolo Grondona - for employment law issues -] and Partner Mario Lisanti and Senior Associate Domenico Petrone - for banking issues. Steptoe & Johnson acted as legal advisers to the buyers, while Italian firm Bonelli Erede e Pappalardo were legal advisers to the seller. Other advisers for this transaction were Mediobanca – Banca di Credito Finanziario S.p.A. (M&A adviser to the seller), KPMG (accounting adviser) and Equita SIM (debt adviser to the buyer).

http://www.nortonrose.com/news/79655/norton-rose-advises-emerisque-bran…