ALL THE ADVISORS IN THE ENTRY OF ICON INFRASTRUCTURE PARTNERS IV IN ECO ERIDANIA S.P.A.
Milan, 4 June 2018 – Orrick assisted iCON Infrastructure Partners IV, L.P., a new fund launched by iCON Infrastructure (an independent infrastructure investment fund with over EUR 2,5 billion of invested assets), in the acquisition of a majority stake in Eco Eridania S.p.A. The target is an Italian company operating in the field of collection, transport, storage and disposal of special waste (hazardous and non-hazardous, medical and industrial) and undisputed market leader in Italy in the field of special medical waste management. Sellers Xenon Private Equity V L.P. were assisted by Law firm Pavia e Ansaldo, and by Roccaforte S.r.l., a holding company controlled by the family of the founder and managing director of Eco Eridania S.p.A., Andrea Giustini. Roccaforte were assisted by Alessandro Finamore, Riccardo Salvini and Stefano Rossi.
More in detail, Orrick assisted iCON Infrastructure in the due diligence activities on the assets of the target as well as in the negotiation and drafting of the contractual documentation for the transaction, including the SPA on terms and conditions of the acquisition, the shareholders’ agreement signed with Roccaforte S.r.l. and the agreements with the Managing Director Andrea Giustini, as well as the financial documentation related to the completion of the acquisition.
The Orrick team was led by Carlo Montella, partner and global Deputy Business Unit Leader of the firm’s Energy & Infrastructure Department. The team consisted of Andrea Gentili, of counsel, and Marcello Montresor, associate (drafting and negotiation of contracts), by Cristina Martorana, partner, assisted by Laura Galbiati, associate, and Alberto Tedeschi (regulatory and environmental aspects of the transaction, coordination of the due diligence process), with additional involvement in the due diligence process of Mario Scofferi, of counsel, Riccardo Caselle, associate, Ignazio d’Andria and Cristina Del Papa.
Roccaforte S.r.l. and the managing director Andrea Giustini were assisted by Alessandro Finamore and Stefano Rossi of Studio Rossi Finamore Delli Ponti Gandolfo of Genova and by Riccardo Salvini of SCP Studio Legale of Rome, in the negotiation and drafting of contracts, among which the shareholders’ agreement signed by Roccaforte s.r.l. with iCon Infrastructure, as well as of the agreements with the Managing Director.
Xenon Private Equity V, L.P. was assisted by Pavia e Ansaldo, with a team led by partner Giuseppe Besozzi and made up of counsel Maria Chiara Puglisi and Nicoletta Botta.