Milan, 3 August 2018 – Pedersoli Studio Legale has advised Coesia, a group of innovation-based industrial and packaging solutions companies, in the acquisition of 60% of the ceramic business of System S.p.A., which will be subsequently incorporated in a new company named System Ceramics. The closing of the transaction is expected by the end of 2018.
Pursuant to the agreement, System and Coesia have mutually agreed sale and purchase options for the remaining 40% of the share capital, to be exercised in future years according to agreed time frames.
With a turnover in 2017 of 329 million Euro, EBITDA of approximately 51 million Euro and about 1,200 employees, System S.p.A. is a leading international manufacturer of unique worldwide process systems for ceramic industry. The company, headquartered in Fiorano Modenese (Modena), has production units in Italy and China and an international network of about 20 branches.
Pedersoli team advising Coesia in the transaction is composed of Eugenio Barcellona (Equity Partner), Leonardo Bonfanti, Filippo Durazzo and Andrea Saglietti (Associates) and Carlo Ranotti, while, Davide Cacchioli (Equity Partner) and Alessandro Bardanzellu (Partner) have provided legal assistance in relation to antitrust matters. Fava & Associati has advised Coesia as to labour law issues, with a team led by Gabriele Fava (Name Partner) and composed of Emanuele Licciardi (Partner) and Esterina Mascioli (Trainee).
System S.p.A. has been advised by Enrico Bemporad.
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