Immediately prior to the completion of the transaction, an SPV owned by Moncler shareholders Ruffini Partecipazioni s.r.l, ECIP M S.A (a company controlled by Eurazeo), CEP III Participations S.à r.l. SICAR (a company controlled by the Carlyle Group) and Goodjohn s.r.l. subscribed to a capital increase in Cavaliere Brands (Italia) S.r.l. and acquired a 30% stake in its share capital.
As of 31 December 2012, the turnover of the Sportswear Division (owned by Industries Sportswear Company), was equal to Euro 135 million. Moncler was assisted in the transaction by Bank of America Merrill Lynch as financial advisor and Latham & Watkins as legal advisor.
Emerisque Brands was assisted by Banca Imi as its financial advisor, EQUITA SIM spa as its debt advisor, Studio Alinovi, Guiotto, Ferrari & Mattioli for the financial due diligence, Norton Rose Fulbright Law Firm and Steptoe & Johnson LLP as legal advisors, while the commercial due diligence was carried out by Booz & Company.
Moncler was founded in France, in Monestier de Clermont, Grenoble, in 1952, and is currently based in Italy. Over the course of the years the brand has teamed style with ongoing technological research which harnesses the knowledge of mountaineering experts. The Moncler collections combine the requirements of extreme outwear with those of everyday city life.
Emerisque was founded in 2004 and is a global investor geared towards the development and growth of the companies in its portfolio. Emerisque operates in the United Kingdom, the United States and Hong Kong with a focus on acquisitions and investments in medium-sized companies controlling renowned western brands and vertical retailers that have a critical mass in reference markets, but which also have the potential to quickly establish themselves in emerging countries and distribution channels.
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