MERGER BETWEEN GPI SpA AND CAPITAL FOR PROGRESS 1 SpA
Milan, September 5, 2016 - Pavia e Ansaldo assisted GPI SpA in the structuring of the operation and in the negotiation of the agreements for the merger with Capital For Progress 1 SpA, a special purpose acquisition company (SPAC) listed on AIM, the small-medium enterprise section of the Italian Stock Exchange which was assisted by Gattai, Minoli, Agostinelli & Partners.
GPI from Trento, founded in 1988 by Fausto Manzana, its President and Managing Director, is one of the principal suppliers of services for information and administrative (business process outsourcing) for Italian public and private health structures.
GPI is controlled through a 90% stake held by FM Srl, a Manzana family holding company. The remaining stake is held by Fondo Information & Communication Technology, managed by Orizzonte S.G.R. SpA.
Capital For Progress 1 is a SPAC promoted by Massimo Capuano, Antonio Perricone, Marco Fumagalli and Alessandra Bianchi. Capital For Progress was listed in August 2015 and raised EUR 51 Million from Italian and foreign investors.
Following the shareholders meetings of the two companies, scheduled for the following weeks, Capital For Progress 1 will be merged into GPI, with effect as of the date on which GPI will be admitted to trade on AIM Italia. A further objective of GPI is the listing on the electronic trading platform ( Mercato Telematico Azionario / MTA) of the Italian Stock Exchange.
Francesco Manara and Vittorio Loi acted for Pavia e Ansaldo, assisted by a team composed of Paolo Lupini and Antonella Camilli.
The team of Gattai, Minoli, Agostinelli & Partners was headed by partners Nicola Brunetti and Bruno Gattai with Diletta Camicia, Emanuela Ciaffi and Michele Ventura.
Law firm Pedersoli with partner Marcello Magro and associate Vittoria Deregibus assisted Orizzonte SGR SpA.