DEPARTMENTS MERGERS & ACQUISITIONS, PRIVATE EQUITY
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Pavia e Ansaldo assist Xenon in the entry in surfaces technological abrasives

Milan, 23 December 2015 – Pavia e Ansaldo with a team led by partner Giuseppe Besozzi and staffed by associates Chiara Puglisi and Mario Diomedi assisted Xenon Private Equity Fund in the purchase of 60% of the capital of Surfaces Technological Abrasives Srl, worldwide leader in abrasive utensils for lapping ceramics.

The operation was in part financed by contribution to equity, in part by a medium/long term loan granted by Cariparma Credit Agricole and in part by the issue by an affiliate of the Fund of a bond which was fully subscribed by Emisys Capital SGR SpA, as the management company of the Emisys Development Fund.

Pavia e Ansaldo followed all legal aspects of the operation. The Sellers were assisted by attorneys Francesca Falsoni and Aldo Elli of law firm Elli Falsoni; Cariparma Credit Agricole was assisted by the law firm Legance with a team composed of attorneys Guido Iannoni and Tommaso Bernasconi; Emisys was assisted by law firm d’Urso Gatti Pavesi Bianchi with a team composed of attorneys Andrea Giardino and Ivano Sproviero.