Investindustrial Acquisition Corp. (IIAC) to Combine with Ermenegildo Zegna Group in $3.2Bn Deal
Investindustrial (NYSE:IIAC) has entered into a definitive agreement to combine with Italian fashion group Zegna at an enterprise value of $3.2 billion, or 2.2x its 2021E revenue. The Milan-based company is comprised of its namesake luxury brand as well as Thom Browne, operating out of about 276 branded stores with about 6,050 employees. The combinedRead More