CLIENT: Pianoforte S.r.l.

TRANSACTION: M&A

DATE: February 2012

SECTOR: Financial sponsors; Consumer and Retail

Mandate:
IMI Investimenti, the principal investment arm of Intesa Sanpaolo Banking Group, has entered the share capital of Pianoforte Group, a leading fashion retailer owner of the brands Carpisa and Yamamay, through a share capital increase of Eur 40 mln. After such capital increase IMI investimenti owns 10% of Pianoforte Group.

Activities performed:
Acting as Financial Advisor to Pianoforte, the activity performed has included:
assistance in the drafting and review of the Group Business Plan;
valuation of Pianoforte Group;
leading discussions and negotiations about the economic and financial terms of the transaction;
assistance in the structuring of the transaction on the economic and financial side as well as on the legal, corporate governance and management of exit option;
assistance in the drafting and leading of discussions and negotiations on the entire legal documentation (investment agreement, shareholders agreements, By Laws, etc.).

Deal value: € 40 million

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