Funds advised by BC Partners, through their participation in Pronovias Group, have reached an agreement with Carlo Cavallo, Alessandra Rinaudo and Luigi Cavallo to acquire Nicole Fashion Group S.p.A. (“Nicole” or the “Group”), a leading European bridalwear brand.
Founded in 1996 in Saluzzo, Northwest Italy, by Carlo Marco Cavallo and Alessandra Rinaudo, Nicole is a leading designer and distributor of luxury bridal and evening wear, with a portfolio of prominent brands (including “Nicole”, “Alessandra Rinaudo”, “Colet”) distributed in 40 countries around the world. Nicole is widely acclaimed for its distinctive focus on high-quality dresses, customer service and product design. This successful strategy initiated and led by its founders has translated into an outstanding track-record over the last two decades. Today, the Group employs c.110 people globally and operates five stores in Italy.
Partnering with Nicole will allow Pronovias to strengthen its European leadership and brand portfolio to further unlock growth opportunities across several countries. The combination will see both companies benefit greatly from their synergies and reinforce their respective product iinovation and marketing capabilities for the benefit of customers and clients across the world.
Amandine Ohayon, CEO of the Pronovias Group, commented:
“I am thrilled to welcome Nicole to the Pronovias Group. Nicole’s utmost attention to product design, its strong brand portfolio and the quality of its management team are a perfect fit for our Maison. I am really looking forward to joining forces with Alessandra, Carlo and Luigi, with whom I share the same vision and ambition for the bridalwear market. I am convinced that Carlo and Alessandra’s contributions to our Executive Committee and Product Innovation Committee respectively will be highly valuable to the Pronovias Group. Together we will continue to innovate whilst delivering best-in-class services to brides across the world.”
Alessandra Rinaudo, Creative Director of the Nicole Fashion Group, commented: “I feel extremely privileged to contribute Nicole’s creative identity to the Pronovias Group, a company I have admired for many years. I am absolutely convinced that our partnership will be an incredible source of inspiration for both Pronovias and Nicole’s collections, while preserving our respective brand identities.”
Carlo Marco Cavallo, CEO of the Nicole Fashion Group, commented: “Partnering with the world’s most renowned bridal and evening wear brand is a unique opportunity for Nicole to accelerate its international growth. We are very excited to write this new chapter together with Amandine and her very talented team. We will use Pronovias’s platform to be able to offer Nicole’s well-regarded quality products and service to new customers around the world.”
Jean-Baptiste Wautier, Managing Partner at BC Partners and Chairman of the Pronovias Group, commented: “This transaction is a great illustration of how we try to actively support our portfolio companies in ambitious and transforming buy-and-builds. The strategic combination of Nicole with Pronovias will enable us to offer an even more compelling portfolio of luxury brands and high- quality products and services to our brides and clients. Nicole is a rare example of entrepreneurial success and we are very honoured to be partnering with Alessandra, Carlo and Luigi’s team.”