BC Partners' Pronovias bolts on Nicole

A source familiar with the situation told Unquote that the GP did not deploy fresh capital to support Pronovias's bolt-on.

BC Partners acquired a 90% stake in Barcelona-based Pronovias for €495m from founder Alberto Palatchi, who retained a 10% holding in July 2017. Unquote understands that the fund used for the acquisition was BC European Capital X, which held a final close in January on its €7bn target.

Company
Founded in 1996 and based in Saluzzo, near Cuneo, Nicole is a designer and distributor of luxury bridal and evening wear. The company markets its products under several brands, including Nicole, Alessandra Rinaudo and Colet, and has a presence in 40 countries worldwide. It employs 110 people globally and operates five stores in Italy.

People
Pronovias Group – Amandine Ohayon (CEO).
Nicole Fashion Group – Carlo Marco Cavallo (co-founder, CEO); Alessandra Rinaudo (co-founder, creative director).
BC Partners – Jean-Baptiste Wautier (managing partner).

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