Azzurra Capital's Entry into Lucart Completed
Deal News | Nov 28, 2024 | Legal Community Italy
The transaction involving Azzurra Capital's entry into Pasfin, the controlling holding company of Lucart, has been completed. Lucart is known for its paper production under brands including Tenderly, Grazie, and Smile. The agreement, initially signed in August, formalizes Azzurra's acquisition in partnership with the founding Pasquini family. Azzurra Capital received legal assistance from Gianni & Origoni and Andersen Italia, with cooperation from Andersen's offices across several European countries. Legal teams led by various partners handled different aspects of the transaction ranging from banking to antitrust issues. Meanwhile, the selling stakeholders, the Pasquini family, were advised by Advant Nctm.
Sectors
- Private Equity
- Paper and Forest Products
- Legal Services
Geography
- Italy – The transaction takes place involving Italian companies and individuals, with legal assistance from Italian firms.
- Europe – Andersen offices from Spain, Hungary, UK, Germany, and France were involved in the transaction, indicating a broader European context.
Industry
- Private Equity – Azzurra Capital is a private equity firm involved in acquiring stakes in companies.
- Paper and Forest Products – Lucart is a company active in the paper production industry, known for brands like Tenderly and Grazie.
- Legal Services – Multiple legal firms provided services in the transaction, highlighting the importance of legal advisory in M&A deals.
Financials
- – The financial details of the transaction were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Azzurra Capital | Bidding Company | Company | A private equity firm acquiring a stake in Pasfin, the holding company of Lucart. |
| Lucart | Target Company | Company | A company active in paper production, known for brands like Tenderly and Grazie. |
| Pasfin | Holding Company | Company | The holding company controlling Lucart, into which Azzurra Capital acquired a stake. |
| Pasquini Family | Selling Company | People | Founding family of Lucart, selling their stake in Pasfin to Azzurra Capital. |
| Gianni & Origoni | Legal Advisor | Company | Provided legal assistance to Azzurra Capital for the transaction. |
| Andersen Italia | Legal and Fiscal Advisor | Company | Assisted Azzurra Capital with legal and fiscal aspects in the transaction, with support from Andersen's offices in Europe. |
| Advant Nctm | Legal Advisor to Seller | Company | Advised the Pasquini family in their sale to Azzurra Capital. |