Trilantic Europe strengthens agritech presence with Diagram Group acquisition
Deal News | Dec 24, 2024 | White & Case
Global law firm White & Case LLP has successfully advised Trilantic Europe, a pan-European private equity firm, on its acquisition of a majority stake in the Italian agritech company Diagram Group. The acquisition was conducted in collaboration with CDP Equity (CDPE), which is a subsidiary under the Cassa Depositi e Prestiti Group. Trilantic Europe and CDPE collectively acquired a commanding 83% of Diagram Group’s shares, each entity securing an equal 41.6% stake, while BF Agricola, retaining a 15% stake post-reinvestment from its previous 20%. Diagram Group, headquartered in Emilia-Romagna, specializes in precision farming services, tech solutions, and software tailored to agricultural needs. This transaction aims to bolster Diagram Group’s status as a premier agritech platform throughout Europe. White & Case's advisory team was comprised of partners Michael Immordino and Leonardo Graffi as well as associate Edoardo Avato.
Sectors
- Agritech
- Private Equity
- Legal Services
Geography
- Italy – Diagram Group is based in Italy, which is central to the acquisition transaction led by Trilantic Europe.
- United Kingdom – White & Case LLP has legal advisors based in London who contributed to the advisory for the transaction.
Industry
- Agritech – Diagram Group operates in the agritech sector, offering precision farming and technological solutions for agriculture.
- Private Equity – Trilantic Europe operates as a private equity firm focusing on investing in mid-market European companies, exemplified by the acquisition discussed in the article.
- Legal Services – White & Case LLP provides legal advisory services, particularly in supporting transactions like the acquisition of Diagram Group.
Financials
- 83% – The percentage of Diagram Group's shares acquired by Trilantic Europe and CDPE collectively, each holding a 41.6% stake.
- 15% – The revised equity stake percentage held by BF Agricola in Diagram Group after reinvestment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Trilantic Europe | Acquirer | Company | A mid-market, pan-European private equity investor involved in acquiring Diagram Group. |
| Diagram Group | Target | Company | An Italian agritech company providing technology solutions for agriculture, acquired by Trilantic Europe and CDPE. |
| CDP Equity (CDPE) | Acquirer | Company | A subsidiary of Cassa Depositi e Prestiti Group partnering with Trilantic Europe in the acquisition. |
| BF Agricola | Equity Holder | Company | A BF Group company that retained a 15% equity stake in Diagram through reinvestment. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising Trilantic Europe and CDPE on the acquisition. |