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.
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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.