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…
30 Dec 22: BonelliErede and Pavia and Ansaldo in the agreement for the sale of HISI to F2i by Ardian
BonelliErede and Pavia and Ansaldo in the agreement for the sale of HISI to F2i by Ardian Milan, 30 December 2022 – BonelliErede assisted Ardian, a leading global private equity firm, in reaching an agreement for the sale of 100% of HISI, a healthcare and infrastructure investment holding company, to the Ania F2i fund managed by F2i SGR, Italy’s leading infrastructure fund manager, assisted by Pavia and Ansaldo law firm. In the transaction, Ardian acted on behalf of its own managed funds and the Dutch pension fund APG, the largest pension group in the Netherlands and a shareholder of…
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…
Greenwashing – Scrutinising Eco-friendly Imagery, Labels & Claims WEBINAR October 13, 2022 IST: 6.30 – 7.30 pm – GMT: 1.00 – 2.00 pm – EST: 9.00 – 10.00 pm Radha Khera, Managing Associate, Remfry & Sagar vill lead a panel discussion on ‘green’ branding and marketing claims in the backdrop of conscious consumerism PANELIST Cyril Abrol, Partner Remfry & Sagar Joan Davis, Of Counsel Schroder Brooks Law Firm PLC Gabriele Girardello, Partner – IP/Litigation Pavia e Ansaldo Studio Legale Maria Rosaria Raspanti, Senior Associate – Antitrust & Competition, Pavia e Ansaldo Studio Legale DOWNLOAD
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…
Golden Power regime in Italy The new Procedural Regulation On September 9, 2022 (Official Journal No. 211/2022), the Italian Government has finally adopted the new procedural regulation for the application of the Golden Power regime, after its announcement in August. Decree No. 133/2022 afresh regulates the coordination activities of the Presidency of the Council of Ministers for the performance of activities preparatory to the exercise of special powers granted to the Government by the Golden Power Decree (No. 21/2012, as amended), providing for measures aimed at simplifying the administrative proceeding and case investigation, included the long-awaited pre-filing procedure. …
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…
FURTHER STRENGTHENING OF THE ‘GOLDEN POWER SHIELD’ By Decree of 21 March 2022, no. 21 (published in the Official Journal of 22 March 2022), further and important changes were introduced in the framework of the national regulation on control on foreign direct investments (so-called Golden Power). The new provisions further strengthen the strategic asset protection regime and set up an attempt to simplify the scrutiny procedure of notified transactions. The first and most important aspect of the legislative change concerns the extension of the scope of application of the Golden Power. The changes, unlike what happened in the…
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…