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Dentons and Pavia e Ansaldo in the transfer of Gruppo GIA to DiversiTech

Milan, December 4, 2023 – The acquisition of Gruppo GIA, a leading Italian company for fastening systems and components for the hydro and heating industry, by DiversiTech Corporation, a leading U.S. manufacturer of components for the heating, ventilation, air conditioning and refrigeration industry, has been finalized.

The seller was Ethica Global Investments S.p.A., an investment company promoted by Ethica Group, as well as part of the management that will retain an operational role within the group.

For DiversiTech, a company of Partners Group, the acquisition of GIA Group is part of a strategy to increase penetration in the European market with the aim of strengthening its leadership in Italy and Europe and accelerating development through cross-border synergies.

The buyer was assisted in all legal aspects of the transaction by the law firm Dentons. In particular, partner Pier Francesco Faggiano, with counsel Ferdinando Bonofiglio, associate Tommaso Buda and trainee Bianca Balestri, handled all corporate aspects, coordinating a multidisciplinary and multi-jurisdictional team involving professionals in Italy and the United States. Partner Davide Boffi, together with associate Marco Viola and trainee Roberto Rufo, handled the labour law profiles.

The sellers were assisted by Studio Legale Pavia e Ansaldo, with a team coordinated by partner Alberto Bianco and formed by Martina Bosi, Erica Lepore and Arianna Bellani, in relation to all corporate and M&A aspects, as well as by Goetz Partners for business issues.

The Group management was also assisted by Lawyer Marco Bertini, of LexJus Sinacta Law Firm in Bologna, as well as by L2B Partners Studio legale, with a team formed by lawyers Cristian Lorenzin and Viorica Efros.