DEPARTMENTS MERGERS & ACQUISITIONS, PRIVATE EQUITY
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Pavia e Ansaldo with H.I.G. in the acquisition of Scatolificio Giorgi

Milan, 22 January 2020 – Pavia e Ansaldo Law Firm, with a team coordinated by partner Alberto Bianco and made up of Nicoletta Botta and Erica Lepore, assisted Cadicagroup S.r.l., portfolio company of the fund H.I.G. Europe specializing in supplying accessories such as labels, tags and packaging for the main clothing brands active in the premium and absolute luxury segments; the assistance regarded corporate, contractual and banking aspects in connection with the acquisition of the majority of the share capital of Scatolificio Cartotecnica Giorgi S.r.l., historical company which has been active for 40 years in the design and production of packaging and shoppers for important brands in the clothing, cosmetics, jewellery, glasses and liquors sectors.

With this transaction it continues to implement the aggregation project started by the fund in the month of April 2019 in the fashion accessories world, acquiring in the same context Cadica, Tessilgraf e Bernini, thus originating a new hub of the sector. This deal represents for the Cadica Group the second add-on in six months, after the acquisition of Estro S.r.l. formalized at the end of June 2019.

The sellers were assisted by Studio Pazzaglia and by the lawyer Lorenzo Vitali.

The transaction has been formalized with the support of the financing banks MPS Capital Services, Banca Ifis e UBI Banca assisted by law firm Simmons & Simmons with the partner Davide D’Affronto, the managing associate Alessandro Elisio and Alessandro Severi.