JONES DAY AND PAVIA E ANSALDO IN THE ENTRY OF GULFTECH IN ABL
Milan, 11 July 2019 – Gulftech International Inc., is a privately-owned American holding of a group of companies known worldwide in the planning, manufacturing, leasing and sale of equipment and industrial components serving many among the most important manufacturing and food processing companies; Gulftech completed the purchase, from NEIP III and the Ascari Family, of a shareholding equal to 100% of the share capital of ABL S.p.A., a company having its registered office in Cavezzo, leader in the planning, manufacturing and marketing of machines and equipment for fruit processing.
The transaction is part of an additional stage of corporate development after the entry into the corporate structure, in 2015, of the NEIP III fund as minority shareholder.
The purchaser was assisted, as regards the legal aspects of the acquisition, by Jones Day with an M&A team coordinated by partner Stefano Crosio and made up of Francesca Ravallese, Patrizia Pedretti and Giorgio Abbadessa.
The sellers were assisted by Law firm Pavia e Ansaldo, with a team made up of partner Alberto Bianco with the support of Pierluigi Ariete and Fabrizio Smiroldo, for all the legal aspects of the sale, as well as by the advisor Corus Corporate Finance with Luca Maccagnani Castelli and Giulia Guzzo, for the financial aspects.