Look Holdings Incorporated (TSE:8029) entered into a contract to acquire Bisonte Italia Holding S.r.l. from Bisonte Holding UK Limited for approximately €86 million on June 12, 2019. Following the acquisition, Bisonte Italia Holding S.r.l. will operate as a subsidiary of Look Holdings. The acquisition will be funded from borrowings from financial institutions and cash on hand. For the financial year ended December 2018, Bisonte Italia Holding reported net assets of €5.5 million, total assets of €19.4 million, sales of €35.2 million, operating income of €1.8 million and net income of €0.94 million. The transaction was resolved by Look Holdings Incorporated's Board of Directors on June 12, 2019. The equity transfer is planned to be executed on July 1, 2019. Ettore Scandale and Alberto Passera of McDermott Will & Emery acted as legal advisor for Palamon Capital Partners, operator of Bisonte Holding UK. Paola Sangiovanni of Gitti studios while Eric Marks, Mangyo Kinoshita, Mindy Allen and Ayumi Sadahira of SouthGate acted as legal advisors for Look Holdings. Leah Dunlop of Hogan Lovells acted as advisor for Sofia Ciucchi, managing Director of Bisonte.