- business combination expected to be completed in December 14, 2022
- Lanvin Group plans to start trading on NYSE December 15, 2022 Under the ticker “LANV”
Shanghai, December 12, 2022 /PRNewswire/ — The Lanvin Group (the “Group”), a global luxury fashion group, and Primavera Capital Acquisition Corporation (NYSE: PV) (“PCAC”) today announced that PCAC’s shareholders have announced a previously announced business venture with the Group. announced that it has approved the merger.At the extraordinary general meeting of shareholders December 9, 2022. The group’s shareholders also approved the business combination at the extraordinary shareholders’ meeting in 2022. December 9, 2022.
The full official results of the ballot will be included in the current report on Form 8-K filed by the PCAC with the Securities and Exchange Commission (“SEC”).
The business combination is expected to be completed on December 14, 2022, subject to customary closing conditions. Upon completion of the transaction, the group’s businesses will operate under the Lanvin Group name, and securities of the combined company will begin trading on the New York Stock Exchange. December 15, 2022 Under the ticker symbol “LANV”.
Group and PCAC management will ring the opening bell at the New York Stock Exchange. Thursday at 9:30 a.m. ET, December 15, 2022. They include the Group’s brands Lanvin, Walford, Sergio Rossi, St. John Knit, Caruso. A live stream and replay of the ceremony can be accessed at https://www.nyse.com/bell.
MS. Joan ChenChairman and CEO of Lanvin Groupsaid: Given the proven resilience of the luxury market combined with our disciplined investment in the luxury fashion sector, we believe this strategy will deliver sustained long-term growth and value for our shareholders. increase. ”
About Lanvin Group
The Lanvin Group is one of the world’s leading luxury fashion groups. China, ShanghaiLanvin, Wolford, Sergio Rossi, St. John Knit, Caruso. Leveraging the power of a unique strategic alliance of industry-leading partners in the luxury fashion sector, Lanvin Group will expand the global footprint of its portfolio brands, combining strategic investments with extensive operational know-how and deep understanding. By doing so, we strive to achieve sustainable growth. Unrivaled access to the world’s fastest growing luxury fashion market. For more information about Lanvin Group, please visit www.lanvin-group.com. Also, to view the investor presentation, please visit www.lanvin-group.com/investor-relation/.
About Primavera Capital Acquisition Corporation
Primavera Capital Acquisition Corporation (NYSE: PV) is a blank check company formed for the purpose of a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more companies. PCAC is an affiliate of Primavera, a leading alternative investment management company.with office Beijing, Hong Kong, Singapore Primavera manages USD and RMB funds for prominent financial institutions, sovereign wealth funds, pension plans, endowments, corporations and family offices around the world.Current September 30, 2021it had assets under management of approx. $17 billionPrimavera employs a flexible investment strategy consisting of buyout/control oriented growth capital and restructuring investments. With extensive experience in structuring and executing cross-border investment transactions, Primavera combines deep local connectivity in the Asia-Pacific region with global experience and best practices to create long-term value for portfolio companies. I am aiming for For more information, please visit www.primavera-capital.com.
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Forward-Looking Statements
This notice contains “forward-looking statements” within the meaning of federal securities laws. All statements other than statements of historical fact contained in this communication include statements regarding future operating results and financial condition, projected products and services, business strategies and plans, and management objectives for Lanvin’s future operations. include, but are not limited to: The potential benefits and expectations relating to the Group, market size and growth opportunities, competitiveness, technology and market trends, and the terms and timing of the proposed business combination with PCAC are forward-looking statements. Some of these forward-looking statements may be “anticipate,” “anticipate,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “goal,” project”, “should”, “could”, “would”, “could”, “could”, “predict” or other similar expressions. All forward-looking statements are based on estimates and projections and reflect the views, assumptions, expectations and opinions of the Lanvin Group and his PCAC, all of which are subject to change due to various factors. Any such estimates, assumptions, expectations, predictions, views or opinions, whether or not specified in this communication, should be considered indicative, preliminary and illustrative only and are not necessarily forward-looking statements. It should not be relied upon as an indication of results.
The forward-looking statements and financial projections and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements include domestic and international business, market, financial, political and legal Including, but not limited to, changes in conditions. timing and structure of the business combination with PCAC; Any changes to the proposed structure of the business combination with PCAC that may be necessary or appropriate as a result of applicable laws or regulations. a party’s inability to successfully or timely complete her business combination with PCAC and other related transactions; This includes the risk that regulatory approvals will not be obtained, delayed or impacted as a result of the COVID-19 pandemic. Unforeseen circumstances that may adversely affect the expected profits of the combined company or business combination with PCAC. Risk that the business combination with PCAC will disrupt the current plans and operations of PCAC or the Lanvin Group as a result of the announcement and completion of the business combination with PCAC; Ability to retain key employees, including executives and management. the inability to obtain or maintain a listing of the securities of the acquired company on the New York Stock Exchange following the business combination with PCAC; Failure to realize the benefits expected from the business combination with PCAC. Risks associated with uncertainties in projected financial information about the Lanvin Group. The amount of redemption demanded by a PCAC shareholder and the amount of funds available in his PCAC trust account. general economic conditions and other factors affecting Lanvin Group’s business; The Lanvin Group’s ability to execute its business strategy. Lanvin Group’s expense management capabilities. Changes in applicable laws and government regulations and the impact of such changes on the Lanvin Group’s business, the Lanvin Group’s exposure to legal claims and other contingencies. Risks associated with negative press and reputational damage. Disruptions and other impacts on Lanvin Group’s business as a result of the COVID-19 pandemic and government measures and restrictive measures implemented in response. The Lanvin Group’s ability to protect its patents, trademarks and other intellectual property rights. Compromise or disrupt Lanvin Group’s technology infrastructure. Changes in Tax Laws and Liability. Changes in legal, regulatory, political and economic risks and their impact on the Lanvin Group’s business. The preceding list of factors is not exhaustive. LGHL’s registration statement on Form F-4, PCAC’s annual report on Form 10-K, and other documents filed by LGHL or PCAC from time to time, the foregoing factors and others set forth in the “Risk Factors” section; risks and uncertainties should be carefully considered. Time with SEC. These filings identify and address other important risks and uncertainties that could cause actual events or results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that neither PCAC nor the Lanvin Group are currently aware of, or that PCAC or the Lanvin Group currently do not believe to be material, and actual results are included in the forward-looking statements. Forward-looking statements reflect expectations, plans, forecasts or projections of future events and views of PCAC and Lanvin Group. If any of the risks materialize or PCAC’s or the Lanvin Group’s assumptions prove incorrect, actual results may differ materially from those implied by these forward-looking statements. .
Forward-looking statements speak only as of the date they are made. PCAC and Lanvin Group anticipate that subsequent events and developments may change the ratings. However, LGHL, PCAC and Lanvin Group may choose to update these forward-looking statements at some point in the future, provided that LGHL, PCAC and Lanvin Group are not required to do so by law. EXPRESSLY DISCLAIMS ANY OBLIGATION TO DO SO EXCEPT. The inclusion of statements in this document does not constitute an admission by Lanvin Group, PCAC or any other person that the events or circumstances described in such statements are material. These forward-looking statements should not be relied upon as representing his assessment of PCAC or the Lanvin Group on any date after the date of this document. Therefore, undue reliance should not be placed on forward-looking statements. Further, Lanvin Group and PCAC’s analyzes contained herein are not, and are not intended to be, appraisals of the securities, assets, or business of Lanvin Group, PCAC, or any other entity.
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