Fratelli Polli majority acquired by Platinum Equity
Deal News | Dec 05, 2024 | Legal Community Italy
Platinum Equity, a US-based private equity firm, has acquired a majority stake in Fratelli Polli, an Italian company specializing in sauces and vegetable preserves. This transaction involved significant reinvestment from the Polli family and CEO Marco Fraccaroli, who, alongside certain managerial staff, will retain a substantial minority stake in the company. Legal firms Latham & Watkins and EY provided counsel to Platinum Equity, covering aspects from corporate to finance and tax. The sellers were represented by LCA Studio Legale for corporate matters, while Eversheds Sutherland assisted the Polli family and CEO Marco Fraccaroli with tax matters.
Sectors
- Private Equity
- Food Production
- Legal Services
Geography
- Italy – Fratelli Polli is based in Italy and several legal firms involved are also located there.
- United States – Platinum Equity, the acquiring private equity firm, is based in the United States.
Industry
- Private Equity – This industry classification is relevant due to Platinum Equity's involvement in acquiring a majority stake in Fratelli Polli.
- Food Production – Fratelli Polli operates within the sauces and vegetable preserves market, placing it in the food production industry.
- Legal Services – Several legal advisory firms were involved in facilitating the acquisition, providing services in corporate, finance, and tax aspects.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fratelli Polli | Target company | Company | An Italian company active in the sauces and vegetable preserves market. |
| Platinum Equity | Buyer | Company | A US-based private equity firm acquiring a majority stake in Fratelli Polli. |
| Polli Family | Seller/Reinvestor | People | The family that holds significant stake in Fratelli Polli and is reinvesting in the company. |
| Marco Fraccaroli | CEO/Reinvestor | People | CEO of Fratelli Polli, involved in reinvestment in the company. |
| Latham & Watkins | Legal Advisor | Company | Provided legal services to Platinum Equity for various aspects of the acquisition. |
| EY Studio Legale Tributario | Tax Advisor | Company | Advised Platinum Equity on the tax implications of the acquisition. |
| LCA Studio Legale | Legal Advisor | Company | Supported the sellers with corporate legal matters. |
| Eversheds Sutherland | Legal Advisor | Company | Assisted the Polli family and CEO Marco Fraccaroli with tax matters. |