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 Skandiaverken having more than 150 years of history, Zephyr consolidated its leadership position in Europe among the independent distributors.
Pavia e Ansaldo assisted the buyer with a team coordinated by partners Alberto Bianco, for the legal part, and Giuseppe Alessandro Galeano, for the tax part regarding due diligence and structuring of the transaction and composed by Erica Lepore, Martina Bosi, Giulio Nobile and Biancamaria Veronese, for Corporate, M&A and banking aspects and by Francesca Marchiori, Niccolò Poggio, Gianluca Disabato and Andrea Orlandi for tax aspects. Matters regarding Spanish law were managed by the Barcelona office with partner Meritxell Roca Ortega supported by Alessandro Tenchini and Javier Vicente, while antitrust matters have been managed by partner Filippo Fioretti.
The Sellers, who maintain an operative role in the company and a qualified minority shareholding, were assisted by law firm Portolano Cavallo, with a team composed by partners Luca Gambini and Francesco Portolano and by the associate Ginevra Sforza, for legal aspects, and by Oaklins Italy, with a team made up of the Managing Director Davide Milano and by the Director Carlo Corsi for financial aspects.
The transaction was financed by Banco BPM S.p.A. assisted by Studio DWF with a banking & finance team coordinated by the lawyer Gianni Vettorello.