26 October 2016 – Nice S.p.A., a company listed on the STAR segment managed by Borsa Italiana, has completed the sale of its FontanaArte operating branch to ItalianCreationGroup S.p.A. In the same context, ItalianCreationGroup S.p.A. has expanded the audience of its investors with the entry into the share capital of Nice Group S.p.A. and Forever S.r.l.
Nice S.p.A. realizes 80% of consolidated revenues abroad and this deal is part of the international expansion strategy of its core business (home automation – with a wide range of integrated systems for the automation of gates, garages, parking systems, wireless alarms, solar screens).
ItalianCreationGroup SpA, in turn, includes the acquisition of the prestigious FontanaArte brand in its development project of a leading group in “Made in Italy” interior design, which already includes Valcucine, Driade and Toscoquattro, intended for private clients and for the contract sector high-end.
Forever S.r.l. is the holding company of the Rossi Cairo family, controlled by Mr. Giorgio Rossi Cairo, founder of Value Partners Management Consulting.
Equity Factory assisted Nice S.p.A. as financial advisor in the sale of FontanaArte to ItalianCreationGroup S.p.A. as well as the investment in the latter company by Nice Group S.p.A.
Russo De Rosa Associati oversaw the legal and tax aspects of the project in the interest of Nice S.p.A. and Nice Group S.p.A.