Pavia e Ansaldo and Baldi & Partners in the signature of a purchase agremeent of Sigma Informatica

Milan, 23 June 2017 – Pavia e Ansaldo and Baldi & Partners assisted GPI, a company listed on AIM Italia (the section of the Italian Stock Exchange dedicated to small and medium enterprises) and reference technology partner for the health sector, in the signing of an agreement for the acquisition of Sigma Informatica S.p.A., a company operating in the sector of Information Technology applied to the management of health and human resources.

The acquisition will take place by taking over the corporate capital of a new company free from long-term debt, which received the SI branch of business with about 60 employees, the 100% shareholding in EDP Sistemi S.r.l. and a 33% share in Sigma Consulting S.t.p.r.l., both of which are also operating in the SI sector.

The completion of the acquisition is subject to the occurrence of conditions precedent and is expected to take place by the end of July for an consideration of 13 Million Euro less the net financial position (subject to possible exclusively negative adjustments). GPI intends to pay the consideration with its own funds without excluding the use of bank lines of credit which are being set up at present.

Pavia e Ansaldo acted with a team consisting of partners Vittorio LoiClaudio Grisanti and Valentina Simonelli and associate Fabio Lui.

Baldi & Partners – Avvocati e Commercialisti acted with a team consisting of partner Fausto Carloni and associate Luca Rinaldi.

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