Pavia e Ansaldo with Elledue and Ethica in the acquisition of Biemme


Milan, 30 October 2019 – Law firm Pavia e Ansaldo, with a team coordinated by partner Alberto Bianco and made up of Dario RovelliErica LeporeNicoletta Botta and Pierluigi Ariete, assisted, the holding Elledue S.r.l. in all corporate, M&A and banking aspects of the acquisition, by Mr. Giuliano Borca Casanova, of a shareholding equal to 100% of the share capital of Biemme S.r.l., a company of Valdobbiadene leader in the superficial finishes, galvanic and coating processes for eyewear.

Elledue already holds 100% of the share capital of Ideal S.r.l., a company operating in the production and marketing of components of small metal parts for eyeglasses.

In the context of the acquisition of Biemme, Ethica Global Investments also subscribed to a capital increase of Elledue thus reaching a shareholding equal to 40% of this company.

The seller keeps a central role in the management of the group and has invested with a minority shareholding in Elledue’s capital; the seller was assisted as regards all the legal aspects of the transaction by the Firm Van Berings, with a team made up of partners Francesco Adami and Luca Lippolis with the support of Gianluca Volpato.

The buy out transaction was financed by Banco BPM S.p.A. assisted by Law firm Orrick, Herrington & Sutcliffe with a team made up of partner Marina Balzano and associate Giulio Asquini.