Kirkland & Ellis advised Investindustrial Acquisition Corp., a special purpose acquisition corporation sponsored by investment subsidiaries of Investindustrial VII L.P., on its business combination agreement with Ermenegildo Zegna Group, a world-renowned Italian luxury house, that will result in Zegna becoming a public company listed on the New York Stock Exchange later this year. The merged entity will have an initial enterprise value of $3.2 billion. The transaction includes a fully committed $250 million PIPE and is expected to close by the fourth quarter of 2021, subject to customary approvals.
This is a landmark transaction for Investindustrial who have turned to Kirkland regularly for advice in relation to U.S. M&A, capital markets and debt financing matters.
The Kirkland team was led by corporate partners David Perechocky and Jonathan Davis, capital markets partners Cedric Van den Borren and Christian Nagler, and debt finance partner Neel Sachdev and a global team including debt finance associate Marco Bagnato, capital markets partner Wayne Williams and associates Anthony Zangrillo and Serguei Chevtchenko, corporate associate Marc Holloway, derivatives partner Jamie Madell, and IP litigation partner Claudia Ray.