HGK Completes Acquisition of CM Karting
Deal News | May 22, 2025 | Legal Community Italy
The law firm BSVA has provided legal advisory services to HGK, a subsidiary of the U.S.-based K1 Speed, during its acquisition of CM Karting. CM Karting is a company active in the establishment and management of go-kart tracks and circuits. BSVA managed all legal aspects of this transaction, with Alessandro Bellofiore leading the team. Taxation elements of the acquisition were handled by Giorgio Alberti and Giorgio Rizzi from Ergon Commercialisti. This acquisition strengthens HGK's presence in Italy by adding the Meda karting track to its network. HGK, operating in Italy under the brands K1 Speed and Hollywood Kart, manages venues in Erba, Milan, Udine, Naples, Catania, Turin, and Rome. The acquisition is a strategic move in HGK’s efforts to expand within the Italian karting and leisure market, aligning with K1 Speed’s international growth vision.
Sectors
- Leisure and Entertainment
- Legal Services
- Corporate Finance
Geography
- Italy – The acquisition enhances HGK's presence in Italy and includes the Italian karting track in Meda, as well as other facilities across Italian cities.
- United States – HGK is a subsidiary of the U.S.-based K1 Speed.
Industry
- Leisure and Entertainment – This industry classification is relevant as the article discusses HGK's acquisition of a company involved in go-karting, which is part of the leisure and entertainment sector.
- Legal Services – The article involves the legal advisory role played by BSVA, a law firm, in the acquisition process.
- Corporate Finance – Relevant due to the financial details such as taxation and strategic acquisition activity involved in the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HGK | Bidding Company | Company | A subsidiary of K1 Speed, interested in expanding its karting operations in Italy. |
| CM Karting | Target Company | Company | A company involved in the creation and management of go-kart facilities, being acquired by HGK. |
| BSVA Studio Legale Associato | Legal Advisor | Company | Provided legal advice for the acquisition, led by Alessandro Bellofiore. |
| Ergon Commercialisti | Tax Advisor | Company | Handled the taxation aspects of the acquisition, involving Giorgio Alberti and Giorgio Rizzi. |
| K1 Speed | Parent Company | Company | The U.S.-based parent company of HGK, leading in the karting and leisure sector. |
| Alessandro Bellofiore | Legal Advisor (Individual) | Person | Led the BSVA team in advising HGK during the acquisition. |
| Giorgio Alberti | Tax Advisor | Person | Part of the team from Ergon Commercialisti handling tax aspects of the acquisition. |
| Giorgio Rizzi | Tax Advisor | Person | Part of the team from Ergon Commercialisti handling tax aspects of the acquisition. |