Frigomat Acquired by Cipelletti Family: Full Control Secured

Deal News | Jan 17, 2025 | Legal Community Italy

Frigomat Acquired by Cipelletti Family: Full Control Secured

Pirola Pennuto Zei & Associati, a renowned legal firm, played a crucial role in assisting the Soffientini family in selling their 50% co-control stake in Frigomat, an Italian company specializing in gelato and pastry equipment, to the Cipelletti family. This acquisition grants the Cipelletti family complete control over Frigomat. Over the past year, Pirola has been instrumental in organizing the corporate transitions and contractual agreements needed for the transfer. The transaction was led by equity partner Massimo Di Terlizzi, alongside associate partner Graziana Toscano and counsel Francesca Proietto. Complementarily, Pirola Corporate Finance supported the seller with negotiation, commercial, and professional evaluation aspects, coordinated by Ludovico Mantovani, with contributions from managing director Marco Gregorini and associate director Andrea Ancarani. This strategic acquisition marks a significant milestone in the expansion and consolidation efforts of the Cipelletti family in the gelato equipment sector.

Sectors

  • Manufacturing
  • Legal Services
  • Corporate Finance

Geography

  • Italy – Frigomat is an Italian company, and the transaction took place between Italian families, involving Italian legal and financial advisory firms.

Industry

  • Manufacturing – Frigomat is involved in the manufacturing of gelato and pastry equipment, placing it within the manufacturing industry.
  • Legal Services – Pirola Pennuto Zei & associati provided legal services in executing the transaction, a critical aspect of this deal.
  • Corporate Finance – Pirola Corporate Finance facilitated negotiation and valuation processes, situating this within the corporate finance sector.

Financials

    Participants

    NameRoleTypeDescription
    FrigomatTarget companyCompanyAn Italian company engaged in the production of equipment for artisanal gelato and pastry.
    Family SoffientiniSelling company (Vendor)PeopleThey held 50% co-control of Frigomat before selling their stake to the Cipelletti family.
    Family CipellettiBidding company (Buyer)PeopleAcquired full control of Frigomat through the transaction.
    Pirola Pennuto Zei & AssociatiLegal advisorCompanyProvided legal assistance for the transaction.
    Pirola Corporate FinanceCorporate Finance advisorCompanyAssisted with negotiation and valuation for the transaction.