Raines Feldman advised its client Nice S.p.A, a global manufacturer of smart home, security, and home & building automation solutions, headquartered in Italy, in its acquisition of Nortek Security & Control from Melrose Industries PLC. Nortek Security & Control is a leading developer of technology for security, home automation, control, power, AV and entertainment, access control, health, and artificial intelligence (AI) systems for residential and commercial markets.
The transaction, valued at $285 million, is the largest investment to date by Nice.
The firm’s deal team was led by corporate partner, Duccio Mortillaro who has represented many Italy-based multinational companies investing in the United States, both in strategic and financial acquisitions in a variety of sectors including technology, hotel and leisure, oil and gas and automotive.
A link to the press release announcing the transaction can be found here.
Raines Feldman’s Italy practice team has decades of experience in providing sophisticated and multidisciplinary legal advice to Italian and other European companies doing business in the United States.