Kirkland & Ellis advised Investindustrial Acquisition Corp., a special purpose acquisition corporation sponsored by investment subsidiaries of Investindustrial VII L.P., on its business combination agreement with Ermenegildo Zegna Group, a world-renowned Italian luxury house, that will result in Zegna becoming a public company listed on the New York Stock Exchange later this year. The merged entity will have an initial enterprise value of $3.2 billion. The transaction includes a fully committed $250 million PIPE and is expected to close by the fourth quarter of 2021, subject to customary approvals.

This is a landmark transaction for Investindustrial who have turned to Kirkland regularly for advice in relation to U.S. M&A, capital markets and debt financing matters.