19 July 2021
US listing of Italian luxury group Ermenegildo Zegna with USD 3.2 bn SPAC deal
De Brauw is advising Ermenegildo Zegna, a leading global luxury group in menswear, with presence in 80 countries through 296 directly operated stores, on its business combination with Investindustrial Acquistion Corp. (NYSE; IIAC), a special purpose acquisition company sponsored by investment subsidiaries of Investindustrial VII L.P. ("IIAC"). Following the combination, the combined company will be listed on the New York Stock Exchange with an anticipated initial enterprise value of USD 3.2 billion. The transaction is expected to close by the fourth quarter of 2021, subject to customary approvals and conditions and to IIAC's shareholders' vote.
Team
Reinier Kleipool
Partner
Nathalie van Wiggen
Senior Associate
Tijmen Klein Bronsvoort
Partner
Sophia van Straalen
Senior Associate
Lars Buiten
Senior Associate
Lenina Broers
Associate