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12.11.2020

Made in Italy Fund acquires a majority interest in GCDS. The law firms involved

Made in Italy Fund, the private equity fund managed and promoted by Quadrivio & Pambianco, has acquired a majority interest in GCDS, a fashion brand established in 2015 by Giuliano and Giordano Calza brothers, respectively creative director and CEO, who will retain a significant direct shareholding in the company. To support the entrepreneurs, in addition to the management of Quadrivio & Pambianco, there will be Patrizio di Marco, formerly President of Golden Goose and CEO at Gucci and Bottega Veneta, as a member of the board of directors and co-investor of the fund.

GCDS is the first investment of Quadrivio & Pambianco’s fund in the fashion industry, after two years from the acquisition of 120%lino, an Italian company that manufactures linen and natural fibres garments, and a few months after the acquisition of Rosantica, a brand specialising in the production of jewel bags and luxury accessories. The fund is going to execute a further investment in the fashion sector by the end of this year.

The investment of Made in Italy Fund has the purpose of further supporting the business development, through the promotion of an omni-channel strategy aimed at strengthening distribution by favouring the Asian and American markets, as well as further implementing the development of the online channels.

As to legal and tax aspects Quadrivio & Pambianco has been assisted respectively by Pedersoli Studio Legale, for law-related issues of the acquisition and by Legance, for profiles relating to tax matters and connected to the co-investment of Patrizio Di Marco.

Pedersoli has acted with a team led by Ascanio Cibrario (equity partner) with support from Luca Rossi Provesi (counsel), including Giacomo Massironi and Edoardo Augusto Bononi (associates), as to corporate M&A aspects, as well as Francesco Simoneschi (equity partner) and Andrea Scarpellini (senior associate), in relation to labour law matters.

The Legance team has been led by Claudia Gregori (partner) and Davide Nespolino (counsel) as to tax law issues, while corporate aspects has been managed by Federica Pomero (partner) and Giuseppe Battaglia (senior associate).

The sellers, among which Morgese brothers, have been advised as to legal aspects by Chiomenti with a team led by Marco Nicolini (partner) and composed of Silvia Colomba and Martina Grillo (associates), while Simmons & Simmons, with a team composed of Andrea Accornero (partner) and Alessandro Bonazzi (supervising associate), has assisted Giuliano and Giordano Calza in the negotiation of the shareholders’ agreements in GCDS. Lazard has acted as sell side financial advisor of GCDS.

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