Pavia e Ansaldo and Gitti and Partners in the entry of Mandarin Capital Partners in Croci S.p.A.
Milano, 23 dicembre 2021 – The closing of the acquisition by Mandarin Capital Partners of 70% of the corporate capital of Croci S.p.A. with the aim of accelerating the expansion on international markets, has taken place; the target is a leading Italian company in the sector of the accessories for pets and aquariology.
Croci S.p.A. was established approximately 30 years ago near Varese by the entrepreneur Dario Croci and, over the years, it transformed its business model evolving from distributor to brand company specializing in the development and creation of a wide range of pet accessories (kennels, leads, aquariums, toys, snacks and hygiene products, among others) characterized by a strong innovative component, sustainability and design. Over the years the company and the group experimented a significant growth and are going to close 2021 with a turnover of around 50 million Euros, 35% of which achieved abroad.
Mandarin Capital Partners was assisted in all legal aspects of the transaction by Pavia e Ansaldo Law firm with a team led by the partner Giuseppe Besozzi and composed of the associate Erica Lepore and the trainee Biancamaria Veronese.
Gitti and Partners assisted Mandarin Capital Partners for tax profiles regarding the structuring of the transaction, with the partner Diego De Francesco and the senior associate Andrea Tognon.
Notarial aspects of the transaction have been managed by Milano Notai with notary Giovannella Condò.