Pavia e Ansaldo with Ethica Global in the entry in Niccons Italy
Milan, 16 July, 2021 – Law Firm Pavia e Ansaldo, with a team coordinated by partner Alberto Bianco and formed by Martina Bosi, Andrea Romanò and Biancamaria Veronese, assisted the holding company Ethica Global Investments S.p.A. in relation to all corporate, M&A and banking aspects regarding the acquisition, through the portfolio company GIA S.p.A., the company leader in the segment of patented accessories for the hydrothermic-sanitary sector, of a majority shareholding in Niccons Italy S.r.l., a company located in Vicenza active in the production of technical accessories for climate control.
Ethica thus creates a leading group with a turn over of about 20 millions Euro in the industry of technical accessories for the hydrothermic-sanitary and climate control sectors, with a consolidated rooting on the ITS national channel and strong presence in various foreign countries.
Tax and accounting aspects of the transaction were managed, on behalf of the buyer, by Epyon with partner Angelo Conte.
The seller and founder of Niccons, Nicola Pignolo, who reinvested in GIA S.p.A. and who maintains an operative role in the company, was assisted by Law firm L2B Partners, with a team formed by lawyers Cristian Lorenzin, Viorica Efros and Fadwa Laaziz, as for legal aspects, and by firm RG, with partner Giuliano Garavello, as for tax and financial aspects.