AVM Sustainability and Invitalia for the re-launch of CTC. The law firms involved: Pedersoli, LMS, Andreozzi and Grossi

The investment transaction in CTC Conceria del Chienti Società Benefit S.p.A. by the club deal AVM Sustainability and Fondo Salvaguardia Imprese of Invitalia was completed.

The transaction to promote the value of CTC, a historical brand based in the Marche region and having a domestic interest, is aimed at strengthening the made-in-Italy brand to support the going concern, re-launching the production by significant investments to modernise plants and the production site, with a view to environmental sustainability and, at the same time, safeguarding 100% employment.

In the context of the transaction, upon request of the shareholders, the new CTC has also been transformed into a B-Corp and has initiated memoranda of understanding with a number of partners, both industrial and academic, to promote the improvement of the environmental and territorial impact and the creation of a sustainable supply chain.

In the context of the transaction, Old CTC was assisted by Studio Andreozzi & Associati based in Macerata, in the persons of Monaldo Andreozzi, Federica Frattani and Pierpaolo Andreozzi for the restructuring plan with related tax and social security settlement and by Studio Legale Grossi with a team led by Massimiliano Grossi and composed of Ottavia Pierotti and Francesca Ricci for the insolvency procedure pursuant to art. 182-bis of the Italian Bankruptcy Law.

Old CTC was also advised by LMS Studio Legale in the persons of Matteo Bascelli, Elena Grigò and Riccardo Di Carlo in the relationships with the syndicate of banks.

Invitalia was supported by its in-house legal team led by Maurizio Domenico Demasi together with Mario Pietro Cascavilla.

AVM Sustainability and CTC, respectively for the investment and the purchase and company’s re-launch, were advised by Pedersoli Studio Legale, with a team led by Antonio Pedersoli and Jean-Daniel Regna-Gladin including also Roberta Danese and Maria Caterina Signorini.

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