Milan, 21 December 2018 - The investment fund Xenon Private Equity VI SICAR has completed the acquisition of Panapesca Group, leader in the processing, marketing and distribution of fresh, frozen and deep frozen fish products. The transaction was implemented by acquiring 100% of the holding company as well as Thai Spring Fish Co Ltd., Prodimar S.A., Mega Surgelati S.r.l. and a minority shareholding in Tirrenica S.r.l..
In the context of the transaction, Pavia e Ansaldo assisted the purchaser in all the aspects of the acquisition, including the negotiation of a loan with Banca IMI S.p.A., which acted as agent bank, Banco BPM S.p.A., Banca IFIS S.p.A. and Mediocredito Italiano S.p.A. which acted as bookrunners and mandated lead arrangers and lending banks.
Pavia e Ansaldo assisted Xenon Private Equity with a team led by partner Giuseppe Besozzi and made up of counsel Maria Chiara Puglisi, associate Dario Rovelli and trainee Nicoletta Botta.
Enrico Panicucci with Law Firn Studio Legale Castelli Panicucci Viti e Associati assisted the sellers.
Dentons, with a team made up of partner Alessandro Fosco Fagotto, counsel Edoardo Galeotti and associate Tommaso Zanirato, assisted the pool of banks.
Fineurop Soditic acted as financial advisor with a team made up of Ilenia Furlanis, Michela Agostini and Umberto Zanuso.