CSP International Fashion Group S.p.A. (BIT:CSP) signed a preliminary agreement to acquire Perofil Spa on April 7, 2017. The deal is subject to certain conditions precedent. The deal is expected to be completed by the end of May 2017. As on May 13, 2017, CSP International Fashion Group S.p.A. (BIT:CSP) signed an agreement to acquire Perofil Spa. As per the terms of the agreement, the company will be renamed to Perofil Fashion Srl. Alberto Perolari will not be part of Perofil Fashion or any position in Perofil Fashion. The employees will retain their qualifications and pay. All 78 employees from Bergamo will go to Perofil Fashion Srl by the weekend. The office will remain in Bergamo in Via Zanica. The deal is expected to close next week. Massimo Zamorani of Deloitte acted as the legal advisor for CSP International Fashion Group. Paolo Pellegatta of Banca Popolare di Vicenza acted as the financial advisor and Francesco Beccaria of Alpeggiani acted as the legal advisor for Perofil. CSP International Fashion Group S.p.A. (BIT:CSP) completed the acquisition of Perofil Spa on May 18, 2017. The provisional consideration for the deal is €8 million, the final payment will be made by the end of June 2017. As part of the deal, Simone Ruffoni will be the new Chief Executive Officer. As on July 19, 2017, CSP International said that the final price of the acquisition of Perofil Fashion was €8.1 million. The price was paid for €4.7 million using liquidity from medium/long term credit lines wile the remaining €3.4 million was paid by assuming liabilities.