Cleary Gottlieb is assisting D’Ieteren, a Belgian-listed, family-owned group founded in 1805, in connection with the acquisition of an aggregate 41 percent stake in Moleskine S.p.A., the Italian-listed company owner of the world-famous notebooks and diaries brand, from Syntegra Capital and Index Ventures.
The price payable to the sellers pursuant to the purchase agreements entered into on September 22, 2016, amounts to €2.40 per share, valuing 100 percent of the company at €506 million. After the closing of the acquisition, which is subject to antitrust approval in Germany, D’Ieteren will launch a mandatory tender offer over the remaining shares of Moleskine.
For further information, please see the company announcement here.