Advised Tod’s on the tender offer proposed by L Catterton

Crown Bidco S.r.l. (the “Bidder”), company controlled by the fund LC10 International AIV, L.P. – fund managed by L Catterton – , has launched a voluntary public offer aimed at acquiring (i) maximum 9,255,498 ordinary shares of Tod’s S.p.A. (“Tod’s”, the “Issuer” or the “Company”) with the subsequent delisting from the Euronext Milan stock exchange list of the shares. In particular, for each share tendered, the Bidder will pay a consideration of Euro 43.00.

Tod’s, with €1,127 million of revenues generated in 2023, is a group in the luxury sector, focusing on the production and distribution of footwear, leather goods and apparel, with the brands TOD’S, Hogan, Fay and Roger Vivier.

Vitale (IMAP Italy) was appointed by Tod’s Board of Directors to draft a Fairness Opinion, from a financial standpoint, on the consideration proposed by the Bidder.