PAI Partners, an international investment group, has signed binding agreements for the acquisition of a majority stake in Automa S.r.l., a company that is a leader in the provision of solutions for the digitalization, monitoring and remote control of gas networks. Completion of the transaction is subject to certain conditions precedent, including authorization under Golden Power regulations.
PAI Partners was assisted by LCA Studio Legale, with a team made up of Benedetto Lonato, Virginia Cella and Nicole Meyerhoff for the corporate M&A aspects. Legal due diligence was carried out by specialist teams: IP aspects were handled by a team composed of Giulio Vecchi, Emilio Barozzi and Sara Moschella, while Ranieri Romani, Lorenzo Vassalli and Alessandro Mariotti dealt with employment law matters. Davide Valli and Giancarlo Aiello followed banking law issues, while Leonardo De Vecchi and Giuseppe Serenelli handled administrative law matters.
The firm Chiaravalli, Reali e Associati, with a team led by senior partner David Reali and made up of partner Marco Curti and senior associate Eros de Filippis, handled the structuring of the transaction and the tax due diligence on behalf of PAI Partners.
The firm Cleary Gottlieb Steen & Hamilton LLP assisted PAI on the legal aspects related to the financing of the transaction, with a cross-border UK/Italy team led by partner Edward Aldred and composed of senior attorney Alessandro Gennarino (pictured) and associates Jack Dryden and Federico Pappalettera.
A&O Shearman acted in relation to the financing, assisting the lenders with a team led by partners Diego Esposito (pictured) and Alessandra Pala (pictured), supported by senior associate Edoardo Brugnoli, associates Giulia Oradei, Alessia Cellucci and Marco Mazzurco, and trainee Laura Margelli. Counsel Elia Ferdinando Clarizia was involved in relation to tax aspects.
Automa was assisted by Studio legale Pavia e Ansaldo, with a team formed by partner Alberto Bianco and senior associate Martina Bosi for the corporate and M&A aspects, by partner Giuseppe Alessandro Galeano for the tax aspects, by Crossborder, with a team formed by partner Alessandro Baroni and Sabrina Di Carluccio as M&A advisor, as well as by Gabriele Giammarini, an independent consultant, for strategic and business aspects.
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