Under the deal, La Bottega picks up a 70% share with an option to acquire the remainder in the near future
Pinsent Masons has assisted Italian hotel essentials producer La Bottega on its acquisition of a 70% stake in Vanity Group.
Under the deal terms, La Bottega has an option to pick up the remaining 30% interest within the next two years. According to the firm, the deal is a major step in the growth trend of both La Bottega and Vanity Group.
“We are very pleased to have assisted La Bottega on this strategic acquisition into the Australian market as an expansion of its reach in the luxury hotel accessories market. We continue to see significant interest in investing into Australia from Europe and this is a great example of this”, Pinsent Masons lead partner Ewan Robertson said.
Robertson worked together with associates Sara Scudieri and Felix Kafka. The Pinsent Masons team collaborated with Italian law firm Gatti Pavesi Bianchi Ludovici, which was represented by Dario Prestamburgo and junior associate Alex Savoia.
