Milan, 12 February 2018 – Banca Patrimoni Sella & C., advised by Pedersoli Studio Legale, and Schroders Italy SIM, advised by Cleary Gottlieb, have executed the agreement aiming at the strategic partnership in Wealth Management business in Italy announced on 22 September 2017.
According to the terms of the agreement, approved by the competent surveillance authority, Wealth Management division of Schroders in Italy is transferred to Banca Patrimoni Sella & C., by granting a shareholding in this latter.
Banca Patrimoni Sella & C. has been advised by Pedersoli team, composed of Eugenio Barcellona (Equity Partner) and Filippo Paolo Durazzo (Associate), in relation to corporate M&A matters, while Jacobacci & Associati law firm, with Paola Gelato and Francesca Bego Ghina have provided assistance in relation to IP issues and, in particular, the drafting of “Co-branding Agreement” and the relevant execution.
Schroders has been advised by its in-house counsels Howard Trust (General Counsel), Antony Marsh (M&A Counsel) and Marco Monetti (Head of Legal & Compliance Italy), supported by a team based in the Milan, Rome and London offices of Cleary Gottlieb, composed of Roberto Bonsignore, Laura Prosperetti, Paolo Rainelli, Massimiliano Di Tommaso, Danilo Santoboni, Giulia Musmeci and Gabriele Barbatelli in relation to corporate and regulatory matters and Vania Petrella and Gianluca Russo in relation to tax issues, as well as by a team of legal counsels of Studio Legale Ichino led by Piergiovanni Mandruzzato in relation to employment matters.
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