The transaction for the sale of the entire share capital of DOM S.r.l. and its subsidiary C-Blade Forging & Manufacturing S.p.A., companies active in the production of forged blades for steam turbines used in thermal power plants, has been completed. The sellers in the transaction are Ethica Global Investments S.p.A. (EGI) and other shareholders, while the buyer is IGI Private Equity (IGI), through the IGI Sustainable Transition Fund and with the support of LGT Capital Partners, Amundi SGR S.p.A. via the Amundi Private Equity Italia fund and BNP Paribas BNL Equity Investments as co-investors.
EGI is an industrial holding company whose objective is to invest in high-potential SMEs to support their growth.
LCA Studio Legale assisted Ethica Global Investments and the sellers on legal matters, with a team composed of Roberto De Bonis, Sara Consoli, Federica Marzachì and Ginevra Losi, as well as Davide Valli and Luca Liberti on matters relating to the release of guarantees granted to the lending banks. Ethica Global Investments and the sellers were also assisted by Ethica M&A Advisory, with a team composed of Stefano Pastore, Nicoletta Rabiolo, Lorenzo Vannozzi and Sara Stefanelli.
IGI Private Equity was assisted by Chiomenti with a multidisciplinary team coordinated by Luca Liistro and Mario Pelli Cattaneo and composed of Enrica Bertoldi, Marco Cigarini and Mariateresa Lamanna on corporate matters; Davide D’Affronto, Angelo De Michele, Matteo Venuta and Tancredi Falcone on bank financing documentation; and Giulia Berton and Francesca Salonia on employment law matters.
L&B Partners Avvocati Associati STA SpA assisted IGI Private Equity in structuring the transaction and on tax due diligence, with a team composed of Ottavia Alfano (Partner and Head of the Tax Department), Matteo Mairone (Counsel), Filippo Maria Mariani (Associate) and Marco Marinelli (Associate).
Amundi Private Equity Italia was assisted on legal matters by Eversheds, with a team led by partner Davide Proverbio, supported by senior associate Giulia Zoccarato and associate Francesca Parisi.
BNP Paribas BNL Equity Investments was assisted on legal matters by the international law firm Gianni & Origoni, with a team led by partner Stefano Bucci, supported by counsel Aldo Turella and associate Duilio Carlo Cirilli.
The operation was financed by a pool of banks comprising Crédit Agricole Italia S.p.A., Banco BPM S.p.A. and BNL BNP Paribas, acting as Mandated Lead Arrangers and lenders. Crédit Agricole Italia S.p.A. also took on the role of Agent Bank. The banks were assisted on legal matters by the law firm Dentons, with a multidisciplinary team coordinated by partner Alessandro Fosco Fagotto, Head of the Banking and Finance department in Italy and Europe, and composed of associates Andrea Scarfone and Giulia Bellantoni for banking and finance matters, as well as partner Fabrizio Capponi, supported by counsel Luca De Rossi, for tax aspects.
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