Fiocchi Acquisition Complete by CSG with Dentons Assistance
Deal News | Apr 22, 2025 | Legal Community Italy
Czechoslovak Group (CSG), a globally active industrial group, has successfully acquired the remaining shares of the Fiocchi Group, renowned for its small-caliber ammunition production. This strategic acquisition includes the Italian Fiocchi Munizioni, U.S.-based Fiocchi of America, Italian brand Baschieri & Pellagri, and UK company Lyalvale Express. With assistance from law firm Dentons, which previously supported CSG in acquiring a 70% majority stake in 2022, the current transaction involved the acquisition of the remaining 30% of shares. These shares were divided between 25% from the Fiocchi family and 5% from Charme Capital. Dentons deployed a multidisciplinary team to address all legal facets, including corporate law, Golden Power regulations, and financial profiles. Fiocchi's legal team and Bird & Bird, assisting Charme Capital, were pivotal in managing the corporate and M&A aspects.
Sectors
- Defense
- Legal Services
Geography
- Italy – Fiocchi Munizioni, a key part of the acquisition, is based in Italy, and various legal activities regarding the acquisition took place there.
- United States – Fiocchi of America is one of the subsidiaries involved in the acquisition, emphasizing the transaction's international reach.
- United Kingdom – Lyalvale Express, part of the Fiocchi Group and included in the acquisition, is based in the UK.
Industry
- Defense – The article involves the acquisition of Fiocchi Group, which is known for small-caliber ammunition production, a key sector in defense.
- Legal Services – Legal firms Dentons and Bird & Bird played significant roles in advising on the acquisition, showing the importance of legal services in M&A transactions.
Financials
- 70% – CSG's previously acquired majority stake in Fiocchi Group.
- 25% – Stake acquired from the Fiocchi family.
- 5% – Stake acquired from Charme Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Czechoslovak Group (CSG) | Buyer | Company | A global industrial group active in strategic sectors such as defense, aerospace, and automotive. |
| Fiocchi Group | Target | Company | An Italian ammunition producer with international subsidiaries, including Fiocchi Munizioni and Fiocchi of America. |
| Fiocchi Family | Selling Company | People | Previous majority stakeholders in Fiocchi Group, who sold their remaining 25% stake to CSG. |
| Charme Capital | Selling Company | Company | An investment fund previously holding a 5% stake in Fiocchi Group. |
| Dentons | Legal Advisor | Company | Provided legal support to CSG during the acquisition of Fiocchi Group. |
| Bird & Bird | Legal Advisor | Company | Provided legal support to Charme Capital during the sale of their stake in Fiocchi Group. |