Autocrocetta Divests Turin and Biella Branches in Strategic Move
Deal News | Jan 08, 2025 | Legal Community Italy
Autocrocetta, a historic official dealer for BMW and MINI vehicles in Turin and Biella, has sold its business branches in these locations to BiAuto and Gino, respectively. Bdo Law (Bdo Italia) played a significant role in the acquisition by assisting BiAuto Group. The BiAuto Group, a leading Italian company operating in the sale and official servicing of brands like BMW, MINI, Mercedes, and others, aims to enhance its presence in the regions of Piemonte and Liguria, having been a part of Top Dealers Italia since 2018. The legal firm BA Legal advised Autocrocetta and its holding, Gruppo Felce. The transaction involved thorough legal due diligence and was an essential step in the strategic restructuring within the automotive dealership industry.
Sectors
- Automotive
- Legal Services
Geography
- Italy – The transaction involves Italian companies and the geographical focus is on the regions of Piemonte and Liguria
Industry
- Automotive – The article discusses the sale and acquisition of automobile dealership branches, involving brands such as BMW and MINI.
- Legal Services – Legal advisory firms played crucial roles in the transaction, conducting legal and HR due diligence.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Autocrocetta | Target Company | Company | An official dealer for BMW and MINI vehicles in Turin and Biella. |
| BiAuto Group | Bidding Company | Company | An Italian company active in the sale and servicing of several car brands, a top player in Piemonte and Liguria. |
| Gino | Bidding Company | Company | The company acquiring the Biella branch from Autocrocetta. |
| Bdo Law (Bdo Italia) | Legal Advisor | Company | Provided legal assistance to BiAuto Group for this transaction. |
| BA Legal | Legal Advisor | Company | Provided legal assistance to Autocrocetta and Gruppo Felce. |
| Gruppo Felce | Vendor | Company | The holding company of Autocrocetta. |