Hellas Verona Changes Hands to American Firm Presidio

Deal News | Jan 15, 2025 | Legal Community Italy

Hellas Verona Changes Hands to American Firm Presidio

Presidio Investors, a private equity firm based in Austin, Texas, has acquired 100% of Hellas Verona Football Club from the Italian entrepreneur Maurizio Setti. The transaction was facilitated by legal counsel Hogan Lovells for Presidio and Unilegal for Setti. The multidisciplinary legal team from Hogan Lovells worked on various aspects of the deal, including M&A, employment, and fiscal matters, supplemented by their Global Sports Practice Team. On the seller side, Unilegal handled the legal intricacies for Setti. The acquisition process was supported by Deloitte's Sports Business Group for due diligence and Deutsche Bank Corporate Advisory served as financial advisor to Setti. The transaction also involved operations notarization by Znr Notai. Post-acquisition, the club will see a change in governance: Italo Zanzi will chair the new board with Maurizio Setti assuming the role of senior advisor. The leadership team is complemented by Simona Gio, Gennaro Leo, and Sean Foley.

Sectors

  • Private Equity
  • Sports Management & Entertainment
  • Legal Services
  • Financial Services

Geography

  • Italy – The article centers around the acquisition of an Italian football club, Hellas Verona.
  • United States – Presidio Investors, the acquiring private equity firm, is based in Austin, Texas.

Industry

  • Private Equity – The article discusses a private equity acquisition of a football club, a typical transaction within the private equity industry.
  • Sports Management & Entertainment – This industry is relevant as the acquisition involves a football club, which is a part of the sports and entertainment sector.
  • Legal Services – The involvement of law firms in advising on the acquisition highlights the relevance of this industry.
  • Financial Services – The financial advisory role played by Deutsche Bank and the due diligence by Deloitte make this industry pertinent to the article.

Financials

    Participants

    NameRoleTypeDescription
    Hellas Verona Football ClubTarget CompanyCompanyAn Italian football club that has been acquired by Presidio Investors.
    Presidio InvestorsAcquiring CompanyCompanyA private equity firm based in Austin, Texas, that acquired Hellas Verona Football Club.
    Maurizio SettiSellerPersonThe former owner of Hellas Verona Football Club who sold the club to Presidio Investors.
    Hogan LovellsLegal Advisor for AcquirerCompanyInternational law firm that provided legal counsel to Presidio Investors in the acquisition.
    UnilegalLegal Advisor for SellerCompanyLaw firm that represented Maurizio Setti in the transaction.
    Deloitte Sports Business GroupDue Diligence ProviderCompanyProvided financial, fiscal, commercial due diligence and M&A advisory services to Presidio Investors.
    Deutsche BankFinancial AdvisorCompanyActed as financial advisor for Maurizio Setti during the sale process.
    Znr NotaiNotarial Services ProviderCompanyProvided notarial services for the transaction.