Pinsent Masons advises La Bottega on Australian acquisition
10 Apr 2024 | 11:45 pm |
Multinational law firm Pinsent Masons has advised Italian producer of hotel essentials La Bottega on its acquisition of a majority stake in Australian company Vanity Group.
The deal involves the acquisition of 70 percent of Vanity Group's shares, with an additional option to purchase the remaining 30 percent over the next two years. This represents a significant step in the growth trajectory of both companies, and a strategic move designed to redefine the market standards of luxury hospitality globally.
Pinsent Masons worked closely with Italian law firm Gatti Pavesi Bianchi Ludovici (GPBL) to assist La Bottega on this acquisition. The Pinsent Masons team a was led by Melbourne-based corporate partner Ewan Roberston, with associates Sara Scudieri and Felix Kafka. The GPBL team was Dario Prestamburgo and the junior associate Alex Savoia.
Commenting on the matter, Ewan Robertson said: “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.”
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