S.A. D'Ieteren N.V. completed the acquisition of a 41% stake in Moleskine SpA from Appunti S. à r.l. and Pentavest S. à r.l.
October 06, 2016
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S.A. D'Ieteren N.V. (ENXTBR:DIE) signed an agreement to acquire a 41% stake in Moleskine SpA (BIT:MSK) from Appunti S. à r.l. and Pentavest S. à r.l. for approximately €200 million on September 22, 2016. The offer per share is €2.40 per share. After closing of 41% stake in Moleskine, D’Ieteren will launch an unconditional mandatory takeover offer at the same price (€2.40 per share) with no minimum threshold of ownership in the course of quarter four of 2016. If the necessary threshold is reached, D’Ieteren intends to delist Moleskine from the Milan stock exchange. The remaining investment will be financed through a combination of available cash and bank facilities. Closing of acquisition is subject to customary regulatory filings. As of October 6, 216, the required regulatory approvals have been obtained.
Roberto Bonsignore, Pietro Fioruzzi, Gerolamo da Passano, Gianpaolo Scandone, David Singer, Nicolette Lotrionte, Cristina Dionisio, Roberto Cugnasco Matteo Beretta, Alessandro Bardanzellu, and Laurent Legein of Cleary Gottlieb Steen & Hamilton acted as legal advisors to S.A. D'Ieteren N.V. Francesca Bego Ghina and Patrizia Franceschina of Jacobacci advised S.A. D'Ieteren for intellectual property. Nicola Brunetti and Diletta Camicia of Gattai, Minoli, Agostinelli & Partners acted as legal advisor to Pentavest Sarl. Daniele Raynaud, Barbara Degli Esposti, and Federica Bulla of Raynaud & Associes acted as legal advisor to Appunti S.à r.l.. Vincenzo Giannantonio of Gitti And Partners Studio Legale Associato acted as legal advisor to Arrigo Berni, Chief Executive Officer of Moleskine. The Goldman Sachs Group, Inc. (NYSE:GS) acted as financial advisor for S.A. D'Ieteren N.V. Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisor for Moleskine.
S.A. D'Ieteren N.V. (ENXTBR:DIE) completed the acquisition of a 41% stake in Moleskine SpA (BIT:MSK) from Appunti S. à r.l. and Pentavest S. à r.l. on October 6, 2016.
In existence since 1805, and across family generations, D'Ieteren Group (the Group) is an investment company seeking growth and value creation by building a family of businesses that reinvent their industries and search for excellence and meaningful impact. It currently owns the following businesses:
- Belron (50.30% in fully diluted economic rights at 31 December 2023, equity-accounted investee): worldwide leader in vehicle glass repair, replacement and recalibration;
- D'Ieteren Automotive (100% owned): distributor of Volkswagen, Audi, SEAT, Skoda, Bentley, Lamborghini, Bugatti, Cupra, Rimac, Microlino, Maserati and Porsche vehicles in Belgium and expanding into other mobility services;
- PHE (100% in economic rights - see note 2) is a leader in the independent distribution of spare parts for vehicles in Western Europe, present in France, Belgium, The Netherlands, Luxemburg, Italy and Spain;
- TVH (40% owned - equity accounted-investee): leading global independent distributor for aftermarket parts for material handling, construction & industrial, and agricultural equipment;
- Moleskine (100% owned): develops and sells iconic branded notebooks and writing, travel and reading accessories through a global multichannel platform;
- D'Ieteren Immo (100% owned): groups together the Belgian real estate interests of D'Ieteren Group.
D'IETEREN GROUP 
