Itelyum Expands with Acquisition of Specialacque and Specialspurghi
Deal News | Mar 25, 2025 | Finance Community IT - 1 Corporate M&A
Itelyum, a company focusing on industrial waste management, enhancement, and recycling, recently announced the acquisition of two specialized waste management companies, Specialacque and Specialspurghi. This acquisition includes Specialacque's subsidiaries, J-Wam and W-Jam Lab, which specialize particularly in the treatment of urban and industrial wastewater. Forvis Mazars acted as an advisor to Itelyum, handling financial due diligence through a team led by Alessandro Motta, and tax due diligence through a team led by Davide Bertoli. The law firm Osborne Clarke provided support for corporate, environmental, administrative, and real estate aspects. The vendors were aided by Studio Gnecchi Associati and Studio Legale e Tributario Vincenzi Gnecchi in financial, corporate, legal, and contractual matters. This acquisition aligns with Itelyum’s strategy to fortify its leadership in the Italian industrial waste management market and expand its technological capabilities. Integration of these companies is pivotal to building an entrepreneurial ecosystem that champions innovation, sustainability, and resource enhancement.
Sectors
- Waste Management and Recycling
- Corporate Finance Advisory
Geography
- Italy – Itelyum and the acquired companies are based in Italy, and the acquisition is part of Itelyum's strategy to strengthen its position in the Italian market.
Industry
- Waste Management and Recycling – The article primarily deals with companies engaged in the treatment and processing of waste materials, particularly focusing on urban and industrial wastewater management.
- Corporate Finance Advisory – Involvement of advisory firms such as Forvis Mazars and Osborne Clarke in the acquisition process indicates a significant role of corporate finance and legal advisory in this transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Itelyum | Acquirer | Company | A company focused on the management, enhancement, and recycling of industrial waste. |
| Specialacque | Target | Company | A company specializing in urban and industrial wastewater treatment, part of the acquired entities by Itelyum. |
| Specialspurghi | Target | Company | A company specializing in waste management, acquired by Itelyum. |
| Forvis Mazars | Financial and Tax Due Diligence Advisor | Company | Provided financial and tax due diligence for Itelyum during the acquisition. |
| Osborne Clarke | Corporate Legal Advisor | Company | Assisted Itelyum on corporate, environmental, administrative, and real estate aspects. |
| Studio Gnecchi Associati Dottori Commercialisti | Vendor's Advisor | Company | Supported the vendors in financial and corporate matters during the transaction. |
| Studio Legale e Tributario Vincenzi Gnecchi | Vendor's Legal Advisor | Company | Supported the vendors in legal and contractual matters during the transaction. |