PAVIA E ANSALDO AND BONELLIEREDE IN THE ACQUISITION OF BASSI S.P.A. AND SIMAS S.P.A. BY ALLIED INTERNATIONAL
Milan, 2 August 2018 – The Allied International group – one of the world-leaders in manufacture, distribution and stock of fittings, flanges, tubes, large-radius curves and special products for the Oil&Gas sector – completed the acquisition of 100% of Industria Meccanica Bassi Luigi and C. S.p.A. in composition procedure with creditors (Bassi) and of its subsidiary SIMAS S.p.A.. Bassi and SIMAS are important worldwide players in the sector of the manufacture of fittings and bends for the Oil&Gas industry. The transaction represents one of the most significant industrial amalgamations in the reference sector worldwide.
Law firm Pavia e Ansaldo, with partners Roberto Zanchi and Carlo Trucco assisted the Allied International group on the legal aspects of the transaction. Strategic Finance Partners GmbH and Luigi Ragusa acted as advisors for Allied International. Law firm Pomati Schiavi Manera, with Maria Pia Schiavi, counselled on tax and accounting matters.
BonelliErede, with a team made up of partners Carlo Montagna and Marco Arato and senior counsel Lucia Radicioni, members of the Focus Team Corporate Crises and debt restructuring, assisted Bassi and SIMAS and selling shareholders for the legal aspects of the transaction and of Bassi’s composition procedure. Law firm Montanari e Associati, with Germano Montanari, advised on tax and accounting aspects.
Vitale & Co, with Paola Tondelli, acted as financial advisor for Bassi.