Global private equity fund L Catterton and Della Valle Family have announced the execution of the agreements, including the minority shareholder Delphine, relating to the promotion of a voluntary takeover bid on Tod’s shares, for the company’s delisting. More specifically – as per the official notice – the takeover bid shall be promoted by Crown Bidco (corporate vehicle of L Catterton) and, as a result of the transaction, Della Valle Family shall maintain the exclusive control on Tod’s, with 54% interest in Tod’s corporate capital, while Delphine, a corporate vehicle controlled by LVMH, shall hold 10% interest in Tod’s corporate capital.

In addition, it is provided for that, upon Tod’s delisting, Della Valle Family, Crown Bidco and Delphine shall execute a shareholders’ agreement for the governance of their respective rights and obligations as Tod’s shareholders, whereby a representation of L Catteron and Delphine shall be acknowledged in Tod’s board of directors, including certain further governance and exit rights.

Tod’s Group – with its brands Tod’s, Roger Vivier, Hogan and Fay – represents an excellence in made in Italy and an established player in the footwear, leather goods and clothing market, with a significant presence in all international markets.

The President, Mr. Diego Della Valle, as per an official notice, stated that the transaction shall result in further benefits for the development of Tod’s Group; a development made of continuous investment and challenging goals.

PerdersoliGattai advised Della Valle Family with a team led and coordinated by Carlo Montagna, Stefano Cacchi Pessani and Alessandro Capogrosso (partners), including Matteo Sica Fiorillo and Filippo Emanuele Sani (senior associates) and Pietro Faggiana (associate).