Ime Acquired by Col Giovanni Paolo in Strategic Move

Deal News | Dec 17, 2024 | Legal Community Italy

Ime Acquired by Col Giovanni Paolo in Strategic Move

Musumeci Altara Desana e Associati has successfully assisted Col Giovanni Paolo, a company controlled by the U.S. private equity firm Oaktree, in the acquisition of 100% of Ime (Industrie Meccaniche Elettriche), a firm that specializes in electrical panels and products for low and medium voltage systems, as well as the construction and maintenance of electrical installations for civil and industrial uses. The legal support provided by Musumeci Altara Desana e Associati comprised a significant effort with partners Stefano Altara and Marco Lazzarin, along with senior associate Carlotta Pastore handling corporate matters, Roberto Castelli focusing on labor law issues, and Elodie Musumeci dealing with antitrust facets. EY Studio Legale Tributario conducted the tax due diligence, showcasing a robust team led by partner Savino Tat. The sellers were represented by LCA with partners Luca Minoli and Francesco Buoso leading the corporate aspects, while labor law matters were tackled by Ranieri Romani and associate Zuleika Palma. Adele Sodano and Gabriella Scionti covered antitrust concerns. Moreover, administrative and accounting elements were managed by Roberto Beretta. This transaction marks a significant milestone for all parties involved, highlighting Oaktree's strategy to strengthen its portfolio in the electrical engineering and services sector.

Sectors

  • Electrical Engineering
  • Private Equity
  • Legal Services

Geography

  • Italy – The acquisition of Ime and the legal services were conducted in Italy, making it central to the transaction.
  • United States – Oaktree, the controlling entity of the buyer company, is based in the United States, making it pertinent to the narrative.

Industry

  • Electrical Engineering – Ime specializes in electrical panels and products, positioning it squarely within the Electrical Engineering sector.
  • Private Equity – The article involves Oaktree, a major private equity firm, showing relevancy to investment and acquisitions in this industry.
  • Legal Services – Various legal services were involved in the acquisition, highlighting the importance of this sector within M&A transactions.

Financials

    Participants

    NameRoleTypeDescription
    Ime (Industrie Meccaniche Elettriche)Target CompanyCompanyIme specializes in electrical panels and products for low and medium voltage systems.
    Col Giovanni PaoloBidding CompanyCompanyA company controlled by Oaktree and the acquirer of Ime.
    OaktreePE FirmCompanyA U.S.-based private equity firm controlling the buyer, Col Giovanni Paolo.
    Musumeci Altara Desana e AssociatiLegal Advisor to BuyerCompanyProvided legal assistance to Col Giovanni Paolo in the acquisition.
    EY Studio Legale TributarioTax Due DiligenceCompanyConducted the tax due diligence for the acquisition.
    LCALegal Advisor to SellerCompanyAssisted the sellers of Ime in the transaction.