PAVIA E ANSALDO WITH HIG EUROPE IN THE ACQUISITION OF CADICAGROUP, BERNINI AND TESSILGRAF
Milan, 6 May 2019 – H.I.G. Europe, the European branch of the international investment fund H.I.G. Capital, completed the simultaneous acquisition of a controlling interest in Cadicagroup S.p.A., Tessilgraf S.r.l. and Bernini S.r.l., which together will form one of the main international providers of accessories for the products of the world of fashion, with the aim to reach within a year – through the platform – a turnover equal to € 100 million.
In particular, the group specializes in the supply of accessories such as labels, badges and packaging for the main clothing brands active in the premium and absolute luxury segments.
H.I.G. Europe was assisted, for all legal aspects related to both M&A and banking, by law firm Pavia e Ansaldo with a team coordinated by partner Alberto Bianco and made up of Dario Rovelli, Erica Lepore, Nicoletta Botta and Pierluigi Ariete. Spada Partners dealt with the fiscal aspects related to the structure of the transaction with a team made up of partner Guido Sazbon and associate Roberto Oldrati.
The fund Gradiente I, seller of 100% of Cadicagroup S.p.A.’s share capital, was assisted by Law firm Nctm with partner Pietro Zanoni and associate Alessia Trevisan.
The Bernini family was assisted in the sale for the legal aspects by Law firm legale Bovesi and Partners S.t.a.p.a., with partners Massimiliano Bovesi and Silvia Aquitani, as well as by Mr. Franco Rossi of the Firm of tax and corporate consultancy Professionisti Associati of Modena.
TGS, as seller of 100% of Tessilgraf’s share capital, was assisted for legal aspects by Nicola Cantarelli and for tax and evaluation aspects by Mr. Antonio Muzzioli of Carpi.
The operation was financed by a pool of banks made up of MPS Capital Service, Banca Ifis and UBI Banca assisted by Law firm Simmons & Simmons with partner Davide D’Affronto, the managing associate Alessandro Elisio and Alessandro Severi.