Kellerhalls Carrard with Zegna fashion on going public
Ermenegildo Zegna Group, the privately-held Italian fashion company, will go public on the New York Stock Exchange later this year by way of a merger with Investindustrial Acquisition Corp., a special purpose acquisition corporation – or SPAC.
Henry Peter (pictured) partner of Kellerhalls Carrard in Lugano, Switzerland, and member of the board of directors of the Zegna Holding Group, together with a New York based law firm, played a key role in the transaction.
After the merger, the Zegna family will retain control of the company with a stake of approximately 62%, and the merged entity will have an anticipated initial enterprise value of $3.2 billion and a market cap of $2.5 billion.
Zegna will use the $880 million in proceeds generated by the Investindustrial deal to fuel its “continuing growth plans,” including in China.
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