Deenova Acquired by Equiter: Key Legal and Financial Advisors Revealed
Deal News | Dec 05, 2024 | Legal Community Italy
Equiter Infrastructure II, managed by Ersel AM, has acquired Deenova, a leading Italian provider of automation and traceability solutions for hospital facilities. The operation includes the entry of Amundi Private Equity Italia (Apei) into the social structure and the reinvestment by founder Sergio Giglio. The acquisition is subject to regulatory clearances and sees the exit of HIG Capital from Deenova's capital. Deenova operates in about 100 hospitals across Europe delivering high-value solutions under long-term public-private partnership contracts. The acquisition process involved major legal and financial advisory firms. White & Case provided legal counsel to Equiter with a diverse team across Milan and London, while Deloitte oversaw financial, accounting, and tax aspects of the transaction. HIG Capital was advised by Eversheds Sutherland, and EY assisted HIG in the financial due diligence for the sale of Deenova. CREA Avvocati, alongside LCA Studio Legale, supported Apei and founder Sergio Giglio in compliance and labor law matters.
Sectors
- Healthcare Technology
- Private Equity and Investment Management
- Legal and Financial Advisory
Geography
- Italy – Deenova is based in Italy, and many of the advisory firms involved have operations in Italy.
- Europe – Deenova operates in multiple European countries; the acquisition impacts healthcare facilities across Italy, France, the UK, Malta, Germany, Spain, and Poland.
Industry
- Healthcare Technology – Deenova specializes in automation and traceability solutions for hospital facilities, making healthcare technology a core industry.
- Private Equity and Investment Management – Equiter Infrastructure II, managed by Ersel AM, and the entrance of Amundi Private Equity Italia classify the transaction within the private equity sector.
- Legal and Financial Advisory – Several advisory firms, including White & Case and Deloitte, were involved in legal and financial aspects of the acquisition.
Financials
- – The financial terms of the acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Deenova | Target | Company | Italian company providing automation and traceability solutions for hospitals. |
| Equiter Infrastructure II | Bidding Company | Private Equity | Private equity fund managed by Ersel AM, acquiring Deenova. |
| Ersel AM | Fund Manager | Company | Asset manager overseeing the Equiter Infrastructure II fund. |
| HIG Capital | Selling Company | Private Equity | Previously held capital in Deenova, exiting upon acquisition by Equiter. |
| Amundi Private Equity Italia (Apei) | Investor | Private Equity | Joining as a new investor in the acquisition. |
| White & Case | Legal Advisor to Equiter | Company | Provided legal counsel during the acquisition with a focus on multiple jurisprudential areas. |
| Deloitte | Financial Advisor | Company | Oversaw financial, accounting, and tax diligence for the transaction. |
| Eversheds Sutherland | Legal Advisor to HIG Capital | Company | Assisted HIG Capital in legal matters regarding the transaction. |
| EY | Financial Due Diligence Advisor | Company | Conducted financial due diligence for HIG Capital during the sale. |
| CREA Avvocati Associati | Legal Advisor to Founder | Company | Advised Sergio Giglio in compliance and labor matters. |
| LCA Studio Legale | Legal Advisor | Company | Assisted Amundi Private Equity Italia in the acquisition. |