Limolane Accelerates Expansion with Asia Car Service Acquisition
Deal News | Feb 12, 2025 | Legal Community Italy
Gianni & Origoni, a major law firm, has assisted Limolane, an Italian car rental platform, in acquiring Asia Car Service (ACS), a company specializing in travel solutions for businesses from the U.S. and Europe looking to operate in Asia. This acquisition is the third part of Limolane's buy & build growth strategy, following its acquisitions of First Travel in December and Service Vill in October, all under the advisory of Gianni & Origoni. The legal team for this operation was composed of partners Rodrigo Boccioletti, Federico Dettori from the Bologna office, and Davide De Rosa along with consultant Richard Grams from the Hong Kong office.
Sectors
- Transportation and Logistics
- Legal Services
- Private Equity and Investments
Geography
- Italy – Limolane is an Italian company and Gianni & Origoni's Bologna office was involved in the transaction.
- Hong Kong – Gianni & Origoni's Hong Kong office played a role in advising on this cross-border acquisition.
- Asia – Asia Car Service operates in Asia, and the acquisition reflects Limolane's expansion into this region.
Industry
- Transportation and Logistics – The acquisition involves a company (Asia Car Service) that provides travel solutions, linking it to transportation and logistics.
- Legal Services – Gianni & Origoni provided legal advisement for Limolane, indicating the role of legal services in M&A transactions.
- Private Equity and Investments – Limolane's buy & build strategy and the acquisition activities are reflective of investment and growth strategies typical in the private equity sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Limolane | Buyer | Company | An Italian platform for car rentals, engaged in a buy & build growth strategy. |
| Asia Car Service (ACS) | Target Company | Company | A company specializing in travel solutions for businesses from the U.S. and Europe looking to operate in Asia. |
| Gianni & Origoni | Legal Advisor | Company | A law firm providing legal assistance to Limolane for the acquisition. |
| Rodrigo Boccioletti | Partner | Person | Partner at Gianni & Origoni, involved in the transaction from the Bologna office. |
| Federico Dettori | Partner | Person | Partner at Gianni & Origoni, involved in the transaction from the Bologna office. |
| Davide De Rosa | Partner | Person | Partner at Gianni & Origoni, involved in the transaction from the Hong Kong office. |
| Richard Grams | Consultant | Person | Consultant at Gianni & Origoni, involved in the transaction from the Hong Kong office. |