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DWF advises VAM Investments and Fondo Italiano d’Investimento in the founding of Florence S.p.A.

13 October 2020

Milan, October 13th, 2020 – DWF's Italian team has advised a consortium of investors led by VAM Investments and Fondo Italiano d'Investimento.

DWF's Italian team has advised a consortium of investors led by VAM Investments and Fondo Italiano d'Investimento,  with the participation of Italmobiliare,  in the founding of Florence S.p.A. with the aim of creating the first luxury clothing production center in Italy through the acquisition of Giuntini S.p.A, Ciemmeci Fashion S.r.l. and Mely's Maglieria S.r.l.

Following the conclusion of the deal, Florence S.p.A. will hold 100% of the three companies and will be 65% controlled by the investors' consortium and the remaining 35% by the founding families of the three companies.

Florence aims to develop a leading worldwide platform to supply products for fashion brands..

The DWF team was led by partner and head of the Corporate M&A department, Luca Cuomo, as well as  partner Giovanni Cucchiarato, counsel Matteo Polli and associate Antonio Lopetuso. Counsel Gianni Vettorello, co-head of the Banking and Finance department, also advised, supported by Jessica Vitali.

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