Baker McKenzie Guides Molex in Sale of Padova Plant to Fulchir Group
Deal News | Jan 13, 2025 | Legal Community Italy
Baker McKenzie advised Molex, a subsidiary of Koch Industries, on the sale of its Zetronic plant in Padua to the Fulchir Group. The acquisition was carried out jointly by iVision Tech and Innovatek, companies within the Fulchir family, with critical support from the Veneto Crisis Unit and Confindustria Veneto Est. The transaction ensured the continuity of employment and production at the entire facility. Baker McKenzie's team, led by partner Massimiliano Biolchini, handled labor and syndicate issues, while Anna Marina De Vivo focused on corporate and M&A aspects. EY, under Diego Medicina, acted as the industrial advisor for Molex.
Sectors
- Electronics and Electronic Components
- Legal Services
- Industrial Manufacturing
Geography
- Italy – The transaction involves the sale of a plant in Padova, Italy. Supporting parties include local Italian entities.
- United States – Molex SRL is a subsidiary of the American company Koch Industries.
Industry
- Electronics and Electronic Components – The article discusses Molex, an electronics company, and its Zetronic plant, which is part of the electronics manufacturing sector.
- Legal Services – Involves legal advisement in the M&A process by Baker McKenzie.
- Industrial Manufacturing – Pertains to the operational and production aspects of the Zetronic plant involved in the sale.
Financials
- – No specific financial figures were disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Molex SRL | Target Company | Company | Molex, part of Koch Industries, is selling its Zetronic plant in Padua. |
| Fulchir Group | Buying Company | Company | The acquiring group consisting of iVision Tech and Innovatek, involved in purchasing the Zetronic plant. |
| iVision Tech | Buying Company | Company | Part of the Fulchir family businesses, involved in the joint acquisition. |
| Innovatek | Buying Company | Company | Part of the Fulchir family businesses, involved in the joint acquisition. |
| Baker McKenzie | Legal Advisor | Company | Provided legal advisory for the corporate and M&A aspects of the sale. |
| EY | Industrial Advisor | Company | Assisted as industrial advisors for Molex during the transaction. |
| Koch Industries | Parent Company | Company | The American conglomerate that owns Molex SRL. |
| Regione Veneto | Supporter | Government | Provided support through the Veneto Crisis Unit to ensure the continuity of jobs and production. |
| Confindustria Veneto Est | Supporter | Company | Collaborated in supporting the acquisition process, ensuring employment continuation. |