Norton Rose Fulbright has assisted Cavaliere Brands (Italia) S.r.l., a company advised by Emerisque Brands UK Limited, on the acquisition of the entire business of Industries Sportswear Company S.p.A., including the well-known fashion brands Marina Yachting, Henry Cotton's, Coast Weber & Ahaus and the licence 18CRR81 Cerruti. Immediately after the completion of the acquisition, a special purpose vehicle owned by Moncler shareholders subscribed to a capital increase in Cavaliere Brands (Italia) S.r.l. and acquired a 30 per cent stake in its share capital. The acquired business includes subsidiaries in Germany, France, Japan and Switzerland.
The Norton Rose Fulbright team acting for the acquiror, Cavaliere Brands (Italia) S.r.l., was led by Milan-based partner, Paolo Daviddi. The team was comprised of: of counsel Donatella de Lieto Vollaro, senior associate Cristina Gabardi and associate Priscilla Cremaschi with regard to corporate matters; partner Mario Lisanti and associates Domenico Petrone and Paolo Pinna with regard to banking matters; partner Andrea Fiorelli and associate Fabrizio Tenuta with regard to tax matters and consultants Paolo Grondona and Angelica Trani with regard to employment law matters. Other partners and associates from Norton Rose Fulbright offices in Germany, France and Japan also assisted with regard to a coordinated and complex tax due diligence exercise. Emerisque Brands UK Limited was also assisted by Banca IMI as financial advisor, Equita SIM S.p.A. as debt advisor, Studio Alinovi, Guiotto, Ferrari & Mattiolo for the financial due diligence and Steptoe & Johnson LLP as legal advisors, while the commercial due diligence was carried out by Booz & Company.
Moncler was assisted in the transaction by Bank of America Merrill Lynch as financial advisor and Latham & Watkins as legal advisor.