Fredericks Michael & Co. (“FM&Co.”) acted as exclusive financial advisor to Nice S.p.A. (“Nice Group”), a global leader in Home and Building Management solutions, on its sale, through Nice North America, LLC, of its Health and Wellness Brand, Numera, a global provider of personal emergency response system (PERS) products in the United States, to Malar Group of Companies (“Malar Group”).
Closing this transaction is a critical step in simplifying the Nice Group portfolio and strengthening the company's focus on its core business. In this next stage of growth, Nice is accelerating its expansion and integration of brands to create a more robust, powerful whole-home solution for its partners and end-users.
“We deeply value the Numera brand and its contributions to consumer safety and security, and we are confident that Numera will continue to thrive under Malar Group's leadership, serving a vital need in the health and wellness market," said Luca Longhin, President of Nice North America. "Looking ahead, our strategic focus remains steadfast on innovating and delivering best-in-class home management and security solutions for our core customer base."
Fredericks Michael & Co. initiated this transaction and acted as exclusive financial advisor to Nice Group on a multi-step engagement process which included managing a targeted, competitive-bid process, coordinating the due diligence process, transaction structuring, and assistance in negotiations through closing of the transaction.
About Nice North America
Nice North America, a subsidiary of Nice Group, is one of the largest manufacturers of smart residential, commercial, and industrial solutions in the world, with seamless and easy-to-install technology for smart home control, security and automation, perimeter access, protection and control, sunshade solutions, power management, and whole home entertainment. The company is headquartered in Carlsbad, CA, with several R&D and manufacturing centers across the region. Professional integrators, dealers, and distribution partners grow their business with CEU training and education, technical and field support, and award-winning sales and marketing programs. The company is a proud national sponsor of the Gary Sinise Foundation R.I.S.E. program, supporting wounded veterans and their families with specially adapted smart homes. For further information, visit www.niceforyou.com
About Malar Group of Companies
The Malar Group of Companies is a diversified conglomerate with a strong presence in telecommunications, healthcare, technology, and real estate. Known for innovation and excellence, the group delivers high-quality products and services globally. Headquartered to serve both domestic and international markets, Malar Group employs cutting-edge technologies and a customer-centric approach to drive growth. Its businesses operate synergistically to foster innovation and value across industries. Malar Group is committed to sustainable development, investing in initiatives that promote social well-being, environmental sustainability, and economic growth. The group upholds its core values of integrity, excellence, and innovation, ensuring long-term success and a positive impact on the communities it serves. For more information, visit www.malargroup.com
