DeVa Finance made an offer to acquire a 25.55% stake in TOD'S S.p.A. (BIT : TOD) for approximately Ç340 million on August 3, 2022. The offer price in Ç40 per share. Upon completion, Della Valle family through its holding companies will own a total of 90% and LVMHáwill retain its 10% stake.

Following completion, TOD'S shares will be delisted from stock exchange. The offer began on September 26, 2022 and will end on October 25, 2022. BNP Paribas, CrTdit Agricole Corporate Investment Bank and Deutsche Bank are acting as financial advisers and are also providing financing for the offer.

Milan of Lazard acted as financial advisor to TOD'S Board of Directors in the deal.