Aatech Acquires 90% Stake in Business Innovation Lab
Deal News | May 19, 2025 | Legal Community Italy
Aatech, a tech builder innovatively listed on the Euronext Growth Milan, has signed binding agreements to acquire over 90% of the share capital of Business Innovation Lab (Bil), a fintech company prominent in Italy's lending-as-a-service, buy-now-pay-later, and credit AI sectors. The acquisition is valued at approximately 18 million euros and involves shareholders from Programma 101 Sicaf and others. DWF provided comprehensive legal counsel to Aatech across several domains, including due diligence, corporate and regulatory matters, and contract negotiations. Key DWF team members included partner Luca Lo Po, counsel Massimo Breviglieri, and others. Programma 101 Sicaf was advised by Legance - Avvocati Associati. The deal's completion hinges on regulatory and legal conditions, including a reverse takeover process per the Euronext Growth Milan's Issuers' Regulation. Currently, Bil holds full ownership of Art, Mo.Net, and a stake in Azimut Capital Tech.
Sectors
- Financial Technology
- Legal Services
Geography
- Italy – The acquisition involves Italian companies and participants, with the deal being executed under Italian regulations and law.
Industry
- Financial Technology – The article discusses Aatech's acquisition of Business Innovation Lab, a leading fintech company offering lending-as-a-service and buy-now-pay-later solutions.
- Legal Services – The article highlights the involvement of law firms DWF and Legance in providing legal advisory for the acquisition transaction.
Financials
- 18 million euros – The acquisition price for over 90% share of Business Innovation Lab by Aatech.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aatech | Bidding Company | Company | Aatech is a tech builder innovatively listed on the Euronext Growth Milan involved in acquiring Business Innovation Lab. |
| Business Innovation Lab (Bil) | Target Company | Company | Bil is a fintech company in Italy, known for lending-as-a-service and buy-now-pay-later services. |
| DWF | Legal Adviser | Company | DWF is the law firm that provided comprehensive legal advisory to Aatech throughout the acquisition process. |
| Programma 101 Sicaf | Selling Company | Company | Programma 101 Sicaf, managed by P101, is a shareholder involved in selling a stake in Business Innovation Lab. |
| Legance - Avvocati Associati | Legal Adviser | Company | Legance is the law firm that advised Programma 101 Sicaf on the regulatory and contractual matters of the deal. |