GEL Executes Voluntary Partial Takeover Bid for Treasury Shares

Deal News | Dec 13, 2024 | PedersoliGattai

GEL SpA, a listed company focused on the design, manufacture, and marketing of water treatment machinery and plants, has announced the execution of a voluntary partial takeover bid aimed at its treasury shares. The process is being coordinated by BPER Corporate & Investment Banking, which has taken the role of managing the collection of acceptances for the offer. PedersoliGattai is acting as the legal advisor for both GEL and BPER, with a legal team led by partner Alessandro Capogrosso and including Pietro Faggiana, Lorenzo Santambrogio, and Rebecca Giovanna Forgione. This move signifies a strategic financial maneuver by GEL to potentially strengthen control and shareholder value by managing its own shareholdings.

Sectors

  • Water Treatment
  • Corporate Finance
  • Legal Advisory

Geography

  • Italy – The companies involved, GEL, BPER Corporate & Investment Banking, and PedersoliGattai, are based in Italy, indicating the geographical relevance.

Industry

  • Water Treatment – GEL operates within the water treatment sector, responsible for the design, manufacture, and marketing of related machinery and plants.
  • Corporate Finance – The involvement of BPER Corporate & Investment Banking indicates active financial and advisory roles associated with corporate finance.
  • Legal Advisory – PedersoliGattai's role as a legal advisor highlights the legal advisory industry sector.

Financials

    Participants

    NameRoleTypeDescription
    GEL SpATarget companyCompanyA listed company active in designing, manufacturing, and marketing water treatment machinery and plants.
    BPER Corporate & Investment BankingAgent coordinating the takeover bidCompanyHandled the process of collecting acceptances for GEL's voluntary partial takeover bid.
    PedersoliGattaiLegal AdvisorCompanyProvided legal assistance and advice to both GEL and BPER in the takeover bid process.
    Pietro FaggianaLegal AssociatePersonPart of the legal advisory team at PedersoliGattai.
    Lorenzo SantambrogioLegal AssociatePersonPart of the legal advisory team at PedersoliGattai.
    Rebecca Giovanna ForgioneLegal AssociatePersonPart of the legal advisory team at PedersoliGattai.
    Alessandro CapogrossoPartnerPersonLed the legal advisory team at PedersoliGattai.