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Fredericks Michael & Co. advised Italian home automation leader, Nice S.p.A. (MIL:NICE) (IT) on the acquisition of Peccinin Portões Automáticos (BR), a leading gate automation company

For Nice, this transaction is part of a three-year initiative to expand the presence of the Company’s broad portfolio of products in rapid growth markets and represents a starting point for building a solid manufacturing base in South America. This strategic acquisition positions Nice to capitalize upon Brazil’s projected growth, attractive potential market and increasing demand while mitigating current customs-driven barriers to entry.

The transaction is based on an innovative structure that guarantees Nice the right to control and operate Peccinin and, subsequently, fully acquire the Company after a two-year period. Nice will hold 51% of Peccinin’s shares in usufruct for two years at the end of which, Nice will have the right to exercise the full acquisition of Peccinin.

Lauro Buoro, Chairman of Nice S.p.A., stated: “This transaction allows Nice to pave an important path to growth in South America through Peccinin’s sizable industrial platform. Through close cooperation with Peccinin’s management, we will rapidly shift towards local production of Nice products for the South American market and expand Peccinin’s current product portfolio”.

Fredericks Michael & Co. acted as the exclusive financial advisor to Nice in the acquisition of Peccinin, assisting across various areas including management of the contacts with the target company, valuation, transaction structuring, due diligence, negotiation and closing. Fredericks Michael & Co. was instrumental in closing this transaction, leveraging its expertise and experience in advising international companies seeking to enter the Brazilian market. This is the second transaction in which FM&Co. has advised Nice on entry into a new market. In 2008, FM&Co. successfully advised Nice on entry into the U.S. market through the acquisition of Apollo Gate Operators.


About Nice S.p.A. 

Founded in the early 1990s, Nice S.p.A. is a leader in the home automation sector and is listed on Borsa Italiana S.p.A.’s STAR segment. The Company designs, produces and sells systems for the automation of gates, garage doors, road barriers, parking systems, awnings and blinds for residential, commercial and industrial buildings. Nice also provides wireless alarm systems. The Company’s products stand out for their distinctive combination of technological innovation and design. Nice exports its products to over 100 countries, generating more than 80% of its consolidated revenues outside Italy.

About Peccinin Portões Automáticos 

Founded in 1985 in the state of São Paulo, the company developed a leading role in the rapidly growing South American market through the business prowess of the Peccinin family. Today the company has its own automated and vertically integrated manufacturing facilities with capabilities ranging from thermoplastic molding to the development of electronic components, offering the most complete range of automation systems for gates, doors, barriers, rolling shutters and control electronics. With its advanced technology and acute focus on product quality and safety, Peccinin is a benchmark in Brazil and throughout South America for the application of residential, commercial and industrial automation solutions.

About Fredericks Michael & Co.
Established since 1984, Fredericks Michael provides distinctive financial advisory solutions to large corporations, private and family-controlled businesses, and financial sponsors seeking to execute cross-border mergers, acquisitions, divestitures and strategic alliances in Europe, the Americas and Asia.
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