Milan, 20 December 2018 – Pedersoli Studio Legale, with a team led by Alessandro Marena (Equity Partner), and Allen & Overy, with a team led by Paolo Ghiglione (Partner), have respectively advised the purchaser and the sellers in the acquisition by Fondo Italiano d’Investimento SGR, for and on behalf of Fondo Innovazione e Sviluppo, of a shareholding equal to 70% share capital of Fonderie di Montorso S.p.A., a leading company in the sector of precision components for hydraulic systems, based in Montorso Vicentino.
Founded in 1962, the company currently has two facilities in the Italian territory, one in the province of Vicenza and the other in the province of Bologna, hiring over 400 employees and having an expected turnover in 2018 exceeding 90 million Euro, accrued by a client portfolio, represented by leading multinational entities in different outlet sectors. Taken over in 2010 by Patrizia Comello, managing director of the company, and its family, Fonderie di Montorso has started a process of internal investments and growth through external channels.
The investment by Fondo Innovazione e Sviluppo has the purpose of continuing the growing path already started, aimed at consolidating the Group on a domestic and international basis.
Fondo Italiano d’Investimento has been advised by Studio Pirola Pennuto Zei & Associati as to tax aspects of the transaction, represented by Fabio Oneglia (Partner).
Allen & Overy team advising the sellers, involved Paolo Ghiglione (Partner), Chiara De Luca (Associate) and the labour team with Livio Bossotto (Counsel) and Claudio Chiarella (Associate).
FOR FURTHER INFORMATION:
External Relations Department
Pedersoli Studio Legale
Tel: +39 02 30 30 51
Ad Hoc Communication Advisors
Tel. +39 335 1415584