GVS S.p.A. (BIT:GVS) and GVS NA Holdings Inc acquired RPB Safety Ltd, Goodman Brands and Abretec Group LLC from Ivory family for approximately $190 million on September 1, 2021. In particular, GVS NA Holding acquired 100% of the share capital of Goodman Brands and Abretec Group LLC and their subsidiaries, while GVS S.p.A. acquired 100% of the share capital of RPB Safety Ltd. The transaction provides for an upfront payment of approximately $150.0 million and a possible earnout of $44.4 million (maximum value), the payment of which, expected in 2022, will be proportionally related to the achievement of RPB's 2021 adjusted EBITDA targets. The deal was financed by a 5-year loan agreement for approximately $177.6 million with a pool of lending banks: Mediobanca - Banca di Credito Finanziario S.p.A., which also acts as agent, Unicredit S.p.A. and Crédit Agricole Italia S.p.A. (“Loan Agreement”). RPB Safety Ltd, Goodman Brands and Abretec Group reported revenue of $37.4 million in 2020. Ice Miller LLP acted as legal advisor and KPMG US LLP acted as tax and accounting advisor to GVS. White & Case acted in relation to the aspects related to the loan, in relation to which the law firm Allen & Overy assisted the lenders. Mediobanca Banca di Credito Finanziario S.p.A. acted as transfer agent to GVS S.p.A. GVS S.p.A. (BIT:GVS) and GVS NA Holdings Inc completed the acquisition of RPB Safety Ltd, Goodman Brands and Abretec Group LLC from Ivory family on September 1, 2021.