Litus Acquired by Wecoya: A Strategic Move in the Logistics Sector
Deal News | Dec 23, 2024 | Legal Community Italy
RSM Studio Tax Legal & Advisory has assisted the GGW group in acquiring 100% of the Italian managing general agent Litus, active in the transport and logistics sector. The acquisition was executed through WECOYA Marine Underwriting GmbH, a subsidiary specializing in the same industry, with operations across 12 European countries. Nicola Larizza, the seller, was advised by Greco Vitali Associati Studio Legale. RSM conducted the legal due diligence with a team led by partner Marco Carlizzi, supported by legal manager Eleonora Pisoni, senior legal Valentina Medei, and junior legal Francesca Bazzani. Labor law aspects were managed by partner Francesca Taviano, while tax due diligence was conducted by partner Luca Grasseni and tax manager Niccolò Porena. Greco Vitali Associati's multidisciplinary team, coordinated by senior counsel Valentina de Campo and partner Matteo Ludovico Vitali, assisted Larizza, and Studio Associato Busca Gastaldi handled the fiscal aspects of the transaction.
Sectors
- Transport and Logistics
- Marine Underwriting
Geography
- Italy – Litus is an Italian company, making Italy a primary geography in this transaction.
- Europe – Wecoya Marine Underwriting GmbH operates across 12 European countries, indicating a pan-European scope for the acquisition.
Industry
- Transport and Logistics – Litus is active in the transport and logistics sector, which is vital for the distribution of goods and services across Europe.
- Marine Underwriting – Wecoya Marine Underwriting GmbH specializes in marine underwriting, a subset of logistics focusing on the risk management and financial protection of goods transported over water.
Financials
- 100% of capital – The acquisition involved 100% of the social capital of Litus.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Litus | Target Company | Company | An Italian managing general agent active in the transport and logistics sector. |
| Nicola Larizza | Selling Company | Person | The seller of Litus, previously owning 100% of its capital. |
| Wecoya Marine Underwriting GmbH | Bidding Company | Company | A subsidiary of the GGW group specializing in marine underwriting and active in various European countries. |
| RSM Studio Tax Legal & Advisory | Legal Advisor | Company | Provided legal, tax, and labor law advisory services to GGW group during the acquisition. |
| Greco Vitali Associati Studio Legale | Legal Advisor | Company | Assisted the seller Nicola Larizza in the transaction. |
| Studio Associato Busca Gastaldi | Tax Advisor | Company | Handled the fiscal aspects of the transaction for the seller. |