PAVIA E ANSALDO AND SHEARMAN & STERLING IN THE OPERATION STOCKSOLUTIONS
Milan, 7 March 2019 – Pavia e Ansaldo, Shearman & Sterling, McDermott Will & Emery LLP and Simmons&Simmons acted in a Club Deal, the acquisition of Passione Unghie, a leading company in Italy in products and accessories for nail decoration, care and reconstruction by a group of investors led by Orienta Partners, a company specialized in investing in Italian PMIs.
The brand was founded in 2011 by Christiana Asekun and Fabio Covioli, and was born out of the passion of Christiana Asekun for the world of Nail Care. It offers its clients – beauty centers, nail salons and nail technicians – exclusively on-line through its website, high quality products, which are innovative and in line with the most advanced trends.
With this operation Passione Unghie, which generated a turnover of 17,6 million Euros in 2018, is reinforced with the aim to expand its presence on new European markets, broaden the product offer and develop the organization and the structure in the wake of the strong growth recorded in the last few years.
Pavia e Ansaldo assisted the founders of Passione Unghie in the sale and subsequent indirect reinvestment in Passione Unghie, with partner Alberto Bianco aided by Associate Dario Rovelli.