DEPARTMENTS MERGERS & ACQUISITIONS, PRIVATE EQUITY
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Pavia e Ansaldo with Ethica Global in the acquisition of DM Tecnik

Milan, 23 October 2020 – Law firm Pavia e Ansaldo, with a team coordinated by partner Alberto Bianco and made up of Erica Lepore and Andrea Romanò, assisted the investment holding company Ethica Global Investments S.p.A. in the acquisition, through the investee company TechVision, of a majority shareholding in the capital of DM Tecnik S.r.l., a company in Belluno active in the manufacturing and marketing of minute metallic parts for the eyeglasses sector.

 

Tax and accounting aspects of the transaction were managed, on behalf of the buyer, respectively by Studio Marin and BDO, with a team composed by partner Ferdinando Fraschini and manager Maurizio Favaro.

 

With this transaction, Ethica Global continues in the consolidation process of a hub in the eyeglasses sector started in 2017 with the acquisition of Ideal, another company active in the sector of components for minute metallic parts for eyeglasses, and carried on last year with the acquisition of Biemme, active in the sector of the superficial finishing for eyeglasses. The three companies aim at becoming an integrated and complete hub of suppliers for the eyeglasses sector, with the view of realizing “fully made in Italy” products.

 

The sellers, Marco Gobbo and Roberto Lazzaro, reinvested in the Group and have been assisted by lawyer Alberto Candiago of law firm Candiago.