Europe’s Recovery Imperiled by Banks Too Scared to Lend

Bank loans were expected to quickly reach those in need under government-guarantee plans. So far, progress is slow. “Banks are being particularly scrupulous to avoid ossible risks”, said Maura Magioncalda, Equity Partner at Pedersoli Law Firm, who is working with several clients to request guaranteed banking loans. “It’s obvious that if you ask a commercial […]

Pedersoli with Intesa in the acquisition of the majority interest in RBM Assicurazione Salute

Milan, 20 May 2020 – Pedersoli Studio Legale has advised Intesa Sanpaolo Vita in the acquisition of the majority interest (to be increased up to 100% of the share capital) in RBM Assicurazione Salute, third operator in Italy in the health insurance market, previously owned exclusively by RBH Group of Favaretto family. The new company was named Intesa Sanpaolo Rbm Salute.

By this transaction, authorised on 16 April 2020 by the Italian Institute for Insurance Supervision (IVASS), Intesa Sanpaolo group strengthens its position in health business.

Pedersoli team providing legal assistance to Intesa Sanpaolo Vita in the transaction is led by Carlo Pedersoli (Equity Partner) and it is composed of Csaba Davide Jákó (Partner) and Edoardo Pedersoli (Senior Associate) as to corporate M&A aspects, while Davide Cacchioli (Equity Partner) has counselled on antitrust matters and Alessandro Zappasodi (Partner) has advised on regulatory issues. Francesco Simoneschi (Equity Partner) and Carlo Antonio Talarico (Associate) have managed labour law aspects.

RBH Group has been advised as to legal aspects by Giuseppe Chinaglia at Studio Legale Avvocati Chinaglia.

 

 

FOR FURTHER INFORMATION:

Pedersoli Studio Legale
Sebastiano Distefano, Laura Sala
Tel. +39 02303051
sebastiano.distefano@pedersoli.it, laura.sala@pedersoli.it

Ad Hoc Communication Advisors
Sara Balzarotti, Alessandro Michielli
Tel. +39 027606741
sara.balzarotti@ahca.it, alessandro.michielli@ahca.it

M&A, moving to distressed and restructuring deals

Antonio Pedersoli, Equity Partner at Pedersoli Studio Legale, is quoted in an article providing an overview of the M&A market published by Il Sole 24 Ore in its annex “Law Firms of 2020”.

 

Il Sole 24 Ore

May 2020

Ambienta has announced the acquisition of Create Flavours: the advisors involved

Milan, 12 May 2020 – Ambienta SGR S.p.A., the largest European Private Equity fund focussed on sustainability, has announced the 100% acquisition of Create Flavours, one of the UK’s largest producers of natural flavourings for the food & beverage industry.

As a result of the acquisition of Create Flavours, Nactarome Group further consolidates its position as independent leader in the European market of flavourings and natural ingredients, with revenues exceeding €110 million and over 4,200 customers served through ten production plants in Europe. Nactarome is confirmed as a strategic asset thanks to an increasingly wide range of products in the field of flavourings, colours and natural ingredients.

Pedersoli Studio Legale has  provided legal assistance to the purchaser as Italian counsel with a team composed of Alessandro Marena (Equity Partner), Edoardo Augusto Bononi and Elisa Bertoni (Associates). Pedersoli team has acted in cooperation with the professionals of Mills & Reeve LLP: Peter McLintock (Partner), Hayley Simonds (Senior Associate) and Hollie Licence (Associate).

Facchini Rossi Michelutti has advised the purchaser in relation to all tax aspects of the transaction with a team composed of Luca Rossi and Giancarlo Lapecorella (Partners) and Marco Belloni (Associate). They have acted in sinergy with Mayer Brown as to UK tax aspects.

Ambienta has also engaged the services of Roland Berger (business due diligence), KPMG (financial and tax due diligence), EY (debt advisor). Create Flavours has been assisted by RSM (financial advisors) and WBD (legal advisors).

 

 

FOR FURTHER INFORMATION:

Pedersoli Studio Legale
Sebastiano Distefano, Laura Sala
Tel. +39 02303051
sebastiano.distefano@pedersoli.it, laura.sala@pedersoli.it

Ad Hoc Communication Advisors
Sara Balzarotti, Alessandro Michielli
Tel. +39 027606741
sara.balzarotti@ahca.it, alessandro.michielli@ahca.it

Remote Criminal Proceedings in the context of the COVID-19

Equity Partner Enrico Maria Mancuso authored a paper on “Remote Criminal Proceedings in the context of the COVID-19” published by Giurisprudenza Penale.

 

Giurisprudenza Penale

May 2020

The law firms involved in the acquisition of Zobele Group

Milan, 8 May 2020 – Knowlton Development Corporation has completed the acquisition of Zobele Group, multinational company with over 5,000 employees specialized in the production of consumer products for home care such as insecticides and perfumes for the environment, and which has as customers some of the major players worldwide.

Skadden Arps Slate, Meagher & Flom has advised the sellers with a team led by Steve J. Daniels and Sandro De Bernandini (Partners). Pedersoli Studio Legale has provided legal assistance to DH Private Equity Partners as Italian counsel and the company Zobele Holding with a team led by Ascanio Cibrario (Equity Partner) and composed of Luca Rossi Provesi (Counsel), Giacomo Massironi and Edoardo Augusto Bononi (Associates). Pedersoli Studio Legale has advised also on banking & finance aspects with a team composed of Maura Magioncalda (Equity Partner), Alessandra de Cantellis (Partner), Enrico Morolli and Anna Guadagnin (Associates).

Knowlton Development Corporation has been assisted by Weil, Gotshal & Manges, with a team led by Christopher R. Machera with Thomas L. Forman II and Theodora Tavridou, including Carnelutti Law Firm, with a team led by Carlo Pappalettera with Matteo Bazzani, Cecilia Cagnoni Luoni and Alessandro Asti, for Italian law aspects.

Chiomenti has advised Enrico Zobele with a team led by Filippo Modulo (Partner), Francesca Villa (Senior Associate) and Fabiana Giordano (Associate).

 

 

FOR FURTHER INFORMATION:

Pedersoli Studio Legale
Sebastiano Distefano, Laura Sala
Tel. +39 02303051
sebastiano.distefano@pedersoli.it, laura.sala@pedersoli.it

Ad Hoc Communication Advisors
Sara Balzarotti, Alessandro Michielli
Tel. +39 027606741
sara.balzarotti@ahca.it, alessandro.michielli@ahca.it

The production, placing on the market and purchase of medical devices and personal protective equipment, following the conversion into law of the so-called “Cura Italia” decree. Some useful thoughts.

Sergio Fienga and Alessandro Zuccaro, equity partner and associate of our administrative law team, authored an article on legal issues regarding medical devices, personal protective equipment and telemedicine implementation in the pandemic era. The piece was published by Il Sole 24 ORE – Diritto24.

 

Il Sole 24 Ore – Diritto24

May 2020

The legal advisors in the EXOR/GEDI transaction

Milan, 24 April 2020 – The transfer of GEDI’s assets from CIR to Exor has been executed. Pedersoli Studio Legale has advised EXOR in the acquisition of the majority interest in GEDI Gruppo Editoriale S.p.A., Italy’s first newspaper publisher with La Repubblica, La Stampa and 13 local newspapers, publisher of magazines (including, without limitation, L’Espresso) and leader as to audience of digital information, as well as one of the main groups in radio sector with 3 national broadcasters, among which, Radio Deejay.

Specifically, Giano Holding S.p.A., a company fully owned by EXOR, has completed the acquisition of 43.78% of GEDI from CIR S.p.A. – Compagnie Industriali Riunite, advised by the international law firm Gianni, Origoni, Grippo, Cappelli & Partners

Moreover, Giano Holding has acquired also 5.06% corporate capital of the publishing group held by Mercurio S.p.A. owned by Perrone family, counseled by Chiomenti and it has entered into an agreement with Sia Blu and Giacaranda Caracciolo, advised by Dario Trevisan, for the acquisition of their interests in GEDI equal to 6.07% of the share capital.

At the same time, an investment agreement, a shareholders’ agreement and a put & call agreement have been entered into between CIR, EXOR and Giano Holding, including also an investment agreement, a shareholders’ agreement and a put & call agreement between Mercurio, EXOR and Giano Holding relating to the acquisition by CIR and Mercurio of an interest in Giano Holding each representing, in transparency, 5% of GEDI’s corporate capital.

Pedersoli Studio Legale has acted with a multi-disciplinary team managed by Carlo Re (Equity Partner) and composed of Fabrizio Grasso (Senior Associate) and Alessia Castelli (Associate). Capital marketsd aspects relating to the takeover bid have been analysed by Marcello Magro (Equity Partner) with Marta Sassella (Partner) and Vittoria Deregibus (Associate), while Davide Cacchioli (Equity Partner) and Alessandro Bardanzellu (Partner) have provided legal assistance in relation to antitrust law matters.

GOP has advised CIR with a team led by Antonio Segni (Partner) and composed of Lidia Caldarola (Partner) and Davide De Franco (Associate). Capital markets aspects relating to the takeover bid have been analysed also by Andrea Aiello (Partner) and Giulia Staderini (Of Counsel), while Francesco Salerno and Piero Fattori (Partners) have provided legal assistance in relation to antitrust law matters.

Chiomenti has advised Perrone family with a team managed by Italo De Santis (Partner) with the support of Matteo Costantino and Francesca Ermice (Associates).

Trevisan & Associati, for Giacaranda Caracciolo, has acted with Dario Trevisan (Managing Partner).

 

 

FOR FURTHER INFORMATION:

Pedersoli Studio Legale
Sebastiano Distefano, Laura Sala
Tel. +39 02303051
sebastiano.distefano@pedersoli.it, laura.sala@pedersoli.it

Ad Hoc Communication Advisors
Sara Balzarotti, Alessandro Michielli
Tel. +39 027606741
sara.balzarotti@ahca.it, alessandro.michielli@ahca.it

Those excluded by the liquidity decree. Some fragile companies are kept out of the umbrella of public guarantees

The law firms involved in the incorporation of Asacha Media Group – a pan-European company for the creation and production of audio-visual content

Milan, 21 April 2020Pedersoli Studio Legale, Portolano Cavallo and Legance are the Italian law firms involved in the incorporation and launch of Asacha Media Group, a new pan-European group – established with the financial support of Oaktree Capital Management private equity fund – which aims at becoming leader in the creation, production and distribution of original audio-visual content and which has integrated, from the very beginning, several European players in the sector, among which the Italian companies Picomedia S.r.l. and Stand By Me S.r.l. in addition to the French company Mintee Studio Sas.

Pedersoli Studio Legale, legal advisor of Picomedia S.r.l., has acted with a team led by Ascanio Cibrario (Equity Partner) and composed of Luca Rossi Provesi (Counsel), Giacomo Massironi and Andrea Scarpellini (both Associates), the latter providing assistance in relation to labour law matters. Moreover, Michele Casò has acted as financial advisor of Picomedia S.r.l..

Portolano Cavallo, has supported Stand By Me S.r.l. and the relevant shareholders, with a team led by Francesco Portolano and Luca Gambini (both Partners) and Daniel Joseph Giuliano (Associate), including Andrea Gangemi (Partner) as to labour law aspects.

The shareholders of Picomedia S.r.l. and Stand By Me S.r.l. have been assisted by the French law firm Chammas & Marcheteau, for the matters relating to their reinvestment in Asacha Media Group, while Latournerie Wolfrom Avocats has provided legal assistance to certain French key managers involved in the transaction.

Mayer Brown (Paris office) and Legance Avvocati Associati have advised Asacha Media Group and Oaktree Capital Management, as to legal and tax aspects, both relating to the structuring of the transaction and the integration of Picomedia S.r.l. and Stand By Me S.r.l. in the new group.

The team at Legance Avvocati Associati has been managed by Marco Graziani (Partner), including Alberto Vaudano (Senior Counsel) and Riccardo Paganin (Senior Associate), with the support of Giulia Lazzari and Valeria Fiormonti (both Associates), as well as Paola Degl’Innocenti (Counsel) as to labour law aspects and Francesca Sipala (Associate) in relation to tax matters.

 

 

FOR FURTHER INFORMATION:

Pedersoli Studio Legale
Sebastiano Distefano, Laura Sala
Tel. +39 02303051
sebastiano.distefano@pedersoli.it, laura.sala@pedersoli.it

Ad Hoc Communication Advisors
Sara Balzarotti, Alessandro Michielli
Tel. +39 027606741
sara.balzarotti@ahca.it, alessandro.michielli@ahca.it