Elvacenter Acquired by Eos IM with Support from Studio Rock
Deal News | Jan 14, 2025 | Legal Community Italy
Studio Rock, an Italian law firm, has successfully assisted asset manager Eos Investment Management and its subsidiary Donati in their acquisition of Elvacenter, a company operating in Belgium and the Netherlands in the elevator and escalator component distribution sector. The legal team from Studio Rock was led by equity partner Marco Lovati and associate Valeria Puttini, who oversaw the fiscal and procedural elements of the transaction. This acquisition also included a financial contribution from Simest, part of the Cdp Group, which invested 3 million euros through a venture capital fund managed in collaboration with Italy's Ministry of Foreign Affairs. The Eos Investment Management team included senior executives like Gianni Galasso, Marianna Castiglioni, Jacopo Fornaciari, and Giorgia Altovino, who focused on ESG aspects.
Sectors
- Investment Management
- Legal Services
- Elevator and Escalator Component Distribution
- Venture Capital
Geography
- Belgium – Elvacenter operates in Belgium, making this a key geographic area of the acquisition.
- Netherlands – Elvacenter also operates in the Netherlands, which is impacted by the acquisition.
- Italy – Studio Rock and Eos Investment Management, both based in Italy, facilitated the deal.
Industry
- Investment Management – The article discusses the role of Eos Investment Management in acquiring Elvacenter.
- Legal Services – Studio Rock, a legal firm, facilitated the acquisition, highlighting the legal industry's role.
- Elevator and Escalator Component Distribution – The acquisition involves companies operating in the distribution of elevator and escalator components.
- Venture Capital – Simest participated in the transaction through a Venture Capital fund.
Financials
- 3 million euros – Investment made by Simest in the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Elvacenter | Target Company | Company | A company in Belgium and the Netherlands distributing elevator and escalator components. |
| Eos Investment Management | Buyer | Company | An asset management company that led the acquisition of Elvacenter. |
| Donati | Subsidiary | Company | A subsidiary of Eos Investment Management involved in the same distribution sector. |
| Studio Rock | Legal Advisor | Company | The law firm advising on fiscal and procedural aspects of the deal. |
| Simest | Investor | Company | A company within the Cdp Group that invested 3 million euros through a Venture Capital fund. |
| Farnesina | Collaborator | Government | Italy's Ministry of Foreign Affairs collaborated on managing the Venture Capital fund. |