Eurizon Capital Acquires Majority Stake in Germani
Deal News | Nov 08, 2024 | Legal Community Italy
Eurizon Capital, through its subsidiary Eurizon Capital Real Asset sgr, has successfully acquired the majority stake in Germani, an Italian firm specializing in road and intermodal waste transportation. The acquisition marks a strategic expansion for Eurizon Capital, a leading player in asset management under Intesa Sanpaolo. The transaction involved numerous parties and legal advisors. Linklaters, a major law firm, provided comprehensive corporate, financial, antitrust, and employment legal guidance. Eurizon Capital's tax structuring and due diligence were overseen by Di Tanno Associati. The seller, Megrani, and reinvestor entities were represented by Osborne Clarke and Spada Partners, who managed tax structuring aspects. Financing for the deal was supported by a consortium of banks, including Bper Banca and Intesa Sanpaolo. Additionally, notarial services were provided by ZNR notaries.
Sectors
- Asset Management
- Waste Transportation
- Legal Advisory
Geography
- Italy – The acquisition involves Eurizon Capital, an Italian asset management company, and Germani, an Italian transport firm, thus making Italy the primary geography.
Industry
- Asset Management – Eurizon Capital is part of the asset management division of Intesa Sanpaolo, and the acquisition of Germani plays into their portfolio expansion strategy.
- Waste Transportation – Germani operates in the transport sector, focusing on road and intermodal waste transportation, making this industry relevant to the acquisition.
- Legal Advisory – Several law firms, including Linklaters and Osborne Clarke, provided comprehensive legal guidance throughout the acquisition process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eurizon Capital | Bidding Company | Company | An asset management company part of the Intesa Sanpaolo group, involved in acquiring Germani. |
| Germani | Target Company | Company | A company in San Zeno Naviglio specializing in road and intermodal transport of waste, subject to the acquisition. |
| Megrani | Selling Company | Company | The vendor in the acquisition of Germani, represented by Osborne Clarke. |
| Linklaters | Legal Advisor | Company | Provided legal assistance to Eurizon Capital on the corporate, financial, antitrust, and employment aspects of the acquisition. |
| Di Tanno Associati | Tax Advisor | Company | Assisted Eurizon Capital in tax structuring and tax due diligence for the acquisition. |
| Osborne Clarke | Legal Advisor to Seller | Company | Represented Megrani, advising on the legal aspects of the transaction. |
| Spada Partners | Tax Advisor to Seller | Company | Advised Megrani on tax structuring related to the acquisition. |
| Bper Banca, Banco Bpm, Bnl Bnp Paribas, Cassa Depositi e Prestiti, Civibank, Banca Cividale, Intesa Sanpaolo | Financiers | Companies | Provided financing for the acquisition. |
| Legance | Legal Advisor to Financiers | Company | Assisted the consortium of banks on the financial and tax aspects of the financing. |
| Znr Notai | Notary | Company | Handled notarial services related to the acquisition. |