Announced
Financials
Sources
Tags
Italy
household functional products
Household Equipment and Products
Acquisition
Domestic
Minority
Private
Private Equity
Pending
Friendly
Single Bidder
Synopsis
FSI, an Italian technology investment firm, agreed to invest in Nice, a company designing and manufacturing household functional products. Financial terms were not disclosed. "We are delighted to have identified the right partner for Nice. This partnership better enables us to make further investments in both markets and technologies strategic to our growth, thus improving people's quality of life and contributing to a better environment. These are the development directions in which we believe and in which we are ready to commit ourselves financially, both organically and through M&A, as we recently did with the important acquisition of Nortek Security & Control in the United States," Lauro Buoro, Nice Founder and Chairman.
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