Global law firm White & Case LLP has advised De’Longhi Group on the acquisition of 100 percent of Capital Brands Holdings, LLC for expected consideration of US$420 million.
The closing of the transaction is expected by the end of 2020.
The De’Longhi Group is one of the leading players in the small domestic appliance market, with products encompassing coffee, cooking and food preparation, air conditioning, heating and home care.
Capital Brands Holdings, LLC is the holding company of the US group Capital Brands, which manufactures and retails domestic appliances with a focus on wellness nutrition under the Nutribullet and Magic Bullet brands.
The White & Case team that advised on the M&A aspects of the transaction comprised partners Michael Immordino (Milan & London) and Ferigo Foscari (Milan), associates Caitlin Powell Gimpel (Chicago) and Nicolò Miglio (Milan), and lawyers Lorenza Fici and Nicole Paccara (both Milan). The team that advised on the deal’s antitrust aspects comprised partners Mark Powell, Axel Schulz (both Brussels) and Rebecca Farrington (Washington, DC) and associates Tommaso Poli (Brussels) and Daniel Rosenthal (Washington, DC). The team which advised on the executive compensation aspects comprised partner Victoria Rosamond and associate Arian Mossanenzadeh (both New York).
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