Bureau Veritas Acquires Lbs Luxury Brands
Deal News | Dec 09, 2024 | Legal Community Italy
Bureau Veritas Consumer Products Services has successfully acquired a controlling stake in Lbs Luxury Brands, an operation assisted by the law firm Hogan Lovells. The transaction was guided by a multidisciplinary, cross-border team led by partners Luca Picone and Carlos Ramos, further supported by senior associate Martino Filippi, associate Elena Papa, and trainees Lorenzo Bertola and Piermaurizio Francesconi. Meanwhile, the selling shareholders were represented by Laroma Jezzi & Partners, with Philip Laroma Jezzi, Paolo Garofalo, and Leonardo Amadori handling the legal and tax aspects of the deal. Additionally, Harpalis Marchini & Associates and Tbl provided valuable support to the sellers in due diligence and financial matters. The notarization was overseen by notaries Filippo Russo and Massimo Palazzo, ensuring all legal aspects were meticulously addressed.
Sectors
- Consumer Goods
- Professional Services
- Legal Services
Geography
- Italy – The acquisition involves entities operating in Italy, with legal firms based in the country overseeing the process.
Industry
- Consumer Goods – The acquisition involves Lbs Luxury Brands, which operates within the consumer goods sector, particularly in luxury products.
- Professional Services – The involvement of multiple law firms and advisory services highlights the professional services sector, with firms like Hogan Lovells, Laroma Jezzi & Partners playing key roles.
- Legal Services – The transaction required significant legal expertise as evidenced by the extensive involvement of the law firms Hogan Lovells, Laroma Jezzi & Partners, and others.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bureau Veritas Consumer Products Services | Buyer | Company | An international firm providing testing, inspection, and certification services, now acquiring Lbs Luxury Brands. |
| Lbs Luxury Brands Services | Target Company | Company | A company within the luxury brand sector, recently acquired by Bureau Veritas. |
| Hogan Lovells | Legal Advisor for Buyer | Company | The law firm advising Bureau Veritas in the acquisition transaction. |
| Laroma Jezzi & Partners | Legal and Tax Advisor for Sellers | Company | The law firm advising the selling shareholders of Lbs Luxury Brands. |
| Harpalis Marchini & Associates | Financial and Due Diligence Advisor for Sellers | Company | Provided due diligence, financial, and fiscal advice for the sellers. |
| Tbl | Financial and Due Diligence Advisor for Sellers | Company | Supported the sellers with due diligence and financial advisory services. |
| Filippo Russo | Notary | Person | Provided notarization services for the transaction. |
| Massimo Palazzo | Notary | Person | Provided notarization services for the transaction. |