Fitex Capital Secures Full Acquisition of Napolillo Industry
Deal News | Feb 10, 2025 | Legal Community Italy
Gianni & Origoni played a key role in assisting Fitex Capital, an Italian search fund established by Daniele Schiavello and Giulio Marini, in acquiring 100% of Napolillo Industry’s share capital. Napolillo Industry is a Rome-based company that provides industrial laundry services to hotels, resorts, and spas. The Napolillo family, through their family holding, re-invested in Fitex Capital as a part of the deal. The acquisition was financially supported by Illimity Bank and Anima Alternative SGR, advised by the international law firm Ashurst. Gianni & Origoni's team, led by partner Gerardo Carbonelli, provided comprehensive legal assistance on corporate, labor, and financing aspects of the transaction. They also received support from Eptalex - Garzia Gasperi & Partners for tax and due diligence processes. Squire Patton Boggs represented the Napolillo family on legal matters, while MLS and Marco Polo Advisor offered tax and financial consultancy respectively. The financing parties Illimity Bank and Anima Alternative SGR were guided by Ashurst, ensuring the financial transaction's smooth facilitation.
Sectors
- Private Equity
- Legal Services
- Banking and Finance
- Industrial Laundry
Geography
- Italy – The acquisition involves Italian companies and legal entities, taking place in Italy, specifically with Napolillo Industry being based in Rome.
Industry
- Private Equity – The article involves a private equity transaction where Fitex Capital, a search fund, acquires Napolillo Industry.
- Legal Services – Multiple legal firms are involved in advising the participants in various aspects of the acquisition deal.
- Banking and Finance – The acquisition was financed by Illimity Bank and Anima Alternative SGR, showcasing the involvement of banking and financial services.
- Industrial Laundry – Napolillo Industry operates in the industrial laundry sector, providing services to hotels, resorts, and spas.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fitex Capital | Bidding Company | Company | An Italian search fund that acquired Napolillo Industry. |
| Napolillo Industry | Target Company | Company | A Rome-based company providing industrial laundry services to hotels, resorts, and spas. |
| Gianni & Origoni (Gop) | Legal Advisor – Fitex Capital | Company | Provided legal support for Fitex Capital’s acquisition of Napolillo Industry. |
| Napolillo Family | Selling Company | Company | Original owners of Napolillo Industry who reinvested in Fitex Capital post-acquisition. |
| Squire Patton Boggs | Legal Advisor – Napolillo Family | Company | Provided legal advice to the Napolillo family during the transaction. |
| Illimity Bank | Financer | Company | A bank that financed the acquisition. |
| Anima Alternative SGR | Financer | Company | Provided financial services for the acquisition. |
| Ashurst | Legal Advisor – Financers | Company | Advised Illimity Bank and Anima Alternative SGR on financial matters. |
| Eptalex – Garzia Gasperi & Partners | Tax and Due Diligence Advisor | Company | Assisted Fitex Capital with tax and due diligence matters. |
| MLS | Tax Advisor | Company | Provided tax consultancy to the Napolillo family. |
| Marco Polo Advisor | Financial Advisor | Company | Offered financial consultancy to the Napolillo family during the transaction. |