Allied International finalises acquisition of Petrol Raccord: the firms
Milan, 26 May 2023 – Allied International Group – one of the world leaders in the manufacture, distribution and stocking of fittings, flanges, pipes, wide radius bends and special products for the Oil&Gas, Nuclear, Chemical, Petrochemical and Power sectors – has finalised the acquisition of 100% of Petrol Raccord S.p.A., a company active in the production of fittings for the Oil&Gas and Power sectors and complementary to the Allied Group’s portfolio of companies.
Allied International was assisted, as regards legal aspects, by Pavia and Ansaldo, with a team coordinated by partners Roberto Zanchi and Carlo Trucco and comprising Chiara Condello and Beatrice Trombi, for corporate profiles, as well as Michele Adduci, Francesco Vitella and Filippo Villa for labour law profiles and Arianna Paternicò and Daniele Forcella for IP profiles. The accounting and tax aspects were followed by the firm PSM, with partner Maria Pia Schiavi. Silvio Conforti acted as financial advisor.
The shareholders of Petrol Raccord S.p.A. were assisted throughout the sale process, as far as the legal aspects were concerned, by PwC TLS, with a team coordinated by partner Stefano Cancarini and comprising Federico Magi and Carlotta Clerici. PwC, with partner Raffaele Perrone together with Giacomo Nava, also acted as financial advisor.