FSI, CDP Equity and the Marcucci family entered into a binding agreement for the sale of their respective interests in Kedrion to Permira funds.
As a result of this transaction, Permira and its co-investor Abu Dhabi Investment Authority shall hold a controlling interest in Kedrion, which at the same time shall acquire BPL. Upon sale of the interest currently held, FSI and the Marcucci family shall reinvest in a minority interest in Kedrion-BPL.
The merger between the two companies shall result in a group of over €1.1 billion and shall count approximately 4,000 employees all over the world. The new company shall become one of the leading five global players in a sector with a long-term growth trend and significant valuable opportunities.
Kedrion’s shareholders have been advised by Carnelutti and Pedersoli, while Permira has been assisted by Latham & Watkins, Giliberti Triscornia and Maisto e Associati.
Carnelutti team comprised Carlo Pappalettera, Filippo Grillo and Alessandro Asti (partners), Cecilia Cagnoni Luoni and Nicola Cassinelli (counsel).
The Pedersoli team was led by Alessandro Marena (equity partner) and included Andrea Faoro (partner) and Leo Belloni (associate).
Latham & Watkins acted with a cross border team led by Tom Evans (partner).
The Giliberti Triscornia team comprised Riccardo Coda (partner) and Camilla Peri (counsel).
The Maisto e Associati team comprised Marco Valdonio and Stefano Tellarini (partners).
Lazard acted as financial advisor of the selling shareholders.
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