Chiomenti Guides Aip in Munters Foodtech Acquisition
Deal News | Feb 11, 2025 | Legal Community Italy
Chiomenti law firm has advised American Industrial Partners (Aip) in acquiring the foodtech equipment business from Munters, a company specializing in air treatment and climate solutions. The legal firm, along with Sidley Austin, provided a multidisciplinary team led by Salvo Arena, guiding the acquisition focusing on Italian law. The acquisition targets Munters' division that produces and sells ventilation equipment for livestock and greenhouse applications. This move enables Aip to expand its agricultural technology portfolio. The completion of the transaction is anticipated by mid-2025, subject to regulatory approvals and standard conditions.
Sectors
- Legal Services
- Private Equity
- Agricultural Technology
Geography
- Italy – Chiomenti is providing legal services related to Italian law.
- United States – American Industrial Partners, the acquiring company, is based in the U.S.
Industry
- Legal Services – Chiomenti and Sidley Austin are involved as legal advisors in the acquisition deal.
- Private Equity – American Industrial Partners, a private equity firm, is acquiring a business unit from Munters.
- Agricultural Technology – The acquisition involves Munters' foodtech equipment business, which operates in agtech.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Chiomenti | Legal Advisor | Company | Italian law firm advising Aip on the acquisition. |
| American Industrial Partners (Aip) | Acquirer | Company | Private equity firm acquiring Munters' foodtech equipment business. |
| Munters | Target | Company | Specializes in air treatment and climate solutions; selling its foodtech equipment division. |
| Sidley Austin | Legal Advisor | Company | Law firm assisting Aip alongside Chiomenti. |