BC Partners/Pronovias Group acquires Nicole Fashion Group

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., 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  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 a number of countries. The combination will see both companies benefit greatly from their synergies, and reinforce their respective product innovation and marketing capabilities for the benefit of our customers and clients across the world.


“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," explained Amandine Ohayon, CEO of the Pronovias Group. "I am really looking forward to joining forces with Alessandra, Carlo and Luigi, with whom I share the same vision and ambition for the bridal and evening wear 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 customer-centric experiences to brides across the world.”

Carlo Marco Cavallo, CEO of the Nicole Fashion Group, agreed, adding that “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, added: “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 customers. Nicole is a rare example of entrepreneurial success and we are very honoured to be partnering with Alessandra, Carlo and Luigi’s team.”

 
Nicole Fashion Group is a leading brand in the Italian market and international player in the bridal sector. Founded in 1996 by CEO Carlo Marco Cavallo and Fashion Designer and Creative Director Alessandra Rinaudo, it becomes S.P.A. in 2015, adapting its structure to continuous strong growth from an organizational, strategic and financial standpoint. Present in 40 countries worldwide with over 800 authorized dealers and 5 Monomarca Ateliers in Italy, the Maison creates and distributes some prestigious lines, such as Nicole, Colet, Jolies, Aurora and Romance. To these are added the designer's Couture collection, Alessandra Rianudo Bridal Collection, a refined and exclusive representation of Italian style. In recent years the brand has expanded the range of products in the ceremony, accessories, bridesmaid and curvy sectors.

 
Based in Barcelona, Pronovias Group is the global leading bridal company and has dressed brides in over 90 countries for over 50 years. Its brands benefit from a unique global position, which is recognized by brides with an extensive distribution network making Pronovias the only bridal firm to be on the Deloitte Top 100 Global Powers of Luxury Goods report. The company’s bridal and cocktail dresses are distributed through 45 Pronovias stores and 3,800 independent points of sale, with whom they maintain a solid and long-lasting relationship.

 
BC Partners is a leading international investment firm with over €17 billion of assets under management in private equity and private credit. Established in 1986, BC Partners has played an active role in developing the European buy-out market for three decades. Today, BC Partners executives operate across markets as an integrated team through the firm's offices in North America and Europe. Since inception, BC Partners has completed 102 private equity investments in companies with a total enterprise value of €127 billion and is currently investing its tenth private equity fund.

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