Merger Control in Italy Adoption of the Sub-Threshold Merger Notice On January 2, 2023, the Italian Competition Authority (“ICA” or the “Authority”), after a public consultation started on October 27, 2022, issued the notice (“Notice”) concerning the application of the amendments to Article 16 of Law No 287 of 10 October 1990 (in particular, para.1-bis), introduced by Law No. 118/2022 (the “Annual Competition Bill”, which entered in force last August 28, 2022), and concerning the notification of mergers and acquisitions of undertakings which do not meet the turnover thresholds set out in Italy for the mandatory ex ante filing…
Gop and Pavia e Ansaldo in Sababa Security’s purchase of a stake in Digipoint Rome-Genoa, 28 November 2022 – Sababa Security S.p.A. – a leading Italian operator in the cybersecurity sector that provides an integrated and customised offer of products and managed services to protect various IT and OT environments from cyber threats, listed on Euronext Growth Milan – has signed a preliminary agreement for the purchase of a stake in the share capital of Digipoint S.r.l. – a company specialising in the provision of CyberSecurity, network security, business continuity, disaster recovery and training services. The agreement provides that, subject…
The Firms Pavia e Ansaldo and Biscozzi Nobili Piazza in the transaction for the entry in the capital of the Zenit Group of the Japanese multinational Tsurumi Manufacturing Co., Ltd. Milan, 3 October, 2022 – The Law Firm Pavia e Ansaldo, with a team composed by the lawyer Adriano Villa (country Partner for Japan) and by the lawyer Alessandra Grandoni (Counsel), assisted Tsurumi Manufacturing Co., Ltd (“Tsurumi Pump”), a Japanese multinational company listed in the first segment of Tokyo’s stock exchange and a leader in the production and distribution of electric pumps, for the corporate aspects under Italian law…
Pavia e Ansaldo and Giliberti Triscornia for the entry of Kordsa in Microtex Milano, 27 April, 2022 – Kordsa, a company specializing in reinforcement technologies belonging to the Turkish group Sabanci, entered the capital of Microtex Composites, a company of the group Becagli, specializing in the production of fabrics and advanced composites. Kordsa was assisted in the operation by the law firm Pavia e Ansaldo, with the partner Daniele Carminati and the counsel Chiara Andreotti, supported by the associate Giorgia Daniele and, for administrative and environmental aspects, by the associate Giampaolo Grechi. Labour law aspects and the drafting of…
H.I.G. Europe enters in Berardi Bullonerie: the advisors Milan, 3 February, 2022 – H.I.G. Europe, led in Italy by Raffaele Legnani and with a team composed by Giovanni Guglielmi, Gian Matteo Franzoia and Giovanni Cabassi, executed the acquisition from the Berardi family, through a buy out transaction, of a controlling stake in the group referring to Berardi Bullonerie S.r.l., which is a leading operator in the Italian market of the distribution of fixing elements and of the supply of integrated logistic services. Since its establishment in 1919 the Berardi Group is the go-to partner for Italian industrial companies…
Pavia e Ansaldo with Project Informatica in the acquisition of Converge Milan, 30 November, 2021 – Project Informatica, the portfolio company controlled by H.I.G. Europe – European branch of the international investment fund H.I.G. Capital, continues its growth route through external businesses. The company has in fact signed a binding agreement for the acquisition of 100 per cent of the corporate capital of Converge S.p.A., a company located in Rome leading system integrator specializing in the supply of infrastructural solutions, hardware and software, mainly devoted to clients belonging to the public sector. The company counts on a consolidated know-how in…
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Dea Capital enters OMB Saleri: the firms Milan, 31 July, 2021 – Law firm Pavia e Ansaldo, with a team coordinated by partners Alberto Bianco and Giuseppe Alessandro Galeano, furnished legal and tax assistance in favour of the fund Sviluppo Sostenibile, managed by Dea Capital Alternative Funds, in the transaction for the acquisition, mainly through a capital increase, of a minority shareholding in OMB Saleri S.p.A., a company in Brescia owned by the Saleri Family producing and marketing security valves for domestic use of gas and high pressure valves. With approximately 45 millions euro turnover in 2020, mainly abroad,…
Dea Capital invests in the Zephyr Group: the firms Milan, 28 June 2021 – Law firm Pavia e Ansaldo furnished legal and tax assistance to Dea Capital Alternative Funds in the first transaction for the acquisition of a majority shareholding in Zephyr Group by the fund “Sviluppo Sostenibile”. Zephyr was founded in 1974 in La Spezia, and it is one of the main European companies active in the distribution of spare parts for merchant ship engines and slow ferries, as well as for engines for electricity power plants. In 2018, thanks to the acquisition of the Spanish competitor…
The advisors in Permobil’s acquisition of Rehateam and Progeo Milan, 27 April, 2021 – Permobil AB of Timrå, Sweden, has signed an agreement for the acquisition of the shares in Rehateam S.r.l. and Progeo S.r.l. of Treviso, Italy with these companies’ shareholders. Permobil, which is held by Investor AB, is a global leader in advanced medical technology focusing on wheelchairs and mobility solutions. Rehateam and Progeo are developing, producing and distributing manual wheelchairs worldwide. The transaction is expected to close in June, subject to regulatory approvals.The parties have chosen not to disclose the terms of the transaction. Permobil was…