MA Solar Italy Limited Acquires Fimer, Securing Jobs
Deal News | Dec 03, 2024 | Finance Community IT - 1 Corporate M&A
MA Solar Italy Limited, a subsidiary of MA Corporate Holdings Limited, has successfully acquired Fimer, a company specializing in the production and commercialization of photovoltaic inverters, which was under extraordinary administration. This acquisition ensures the preservation of 263 jobs and the continuation of production activities in Tuscany. KPMG Advisory played a crucial role by assisting in the preparation of the industrial plan, with a team led by partner Marco Brugola. The acquisition process also involved consultancies from legal firms such as Gianni & Origoni, which supported MA Solar Italy Limited and MA Corporate Holdings Limited in restructuring, antitrust, Golden Power, and English law aspects. Additionally, the legal firm Luisa Melara & Partners assisted Fimer during the competitive sale procedure, represented by extraordinary commissioners Maurizio Ascione Ciccarelli, Eugenio D’Amico, and Gerardo Losito.
Sectors
- Renewable Energy
- Mergers and Acquisitions
- Legal Advisory
Geography
- Italy – The acquisition involves an Italian company, Fimer, and includes advisory by multiple Italian legal firms and preservation of jobs in Italy.
- United Kingdom – MA Solar Italy Limited is controlled by MA Corporate Holdings Limited, and English law was a consideration in the acquisition.
Industry
- Renewable Energy – The article involves the acquisition of Fimer, a company that produces photovoltaic inverters, which are critical components in the renewable energy sector.
- Mergers and Acquisitions – The article discusses the acquisition of Fimer by MA Solar Italy Limited, which is a common topic within the M&A industry.
- Legal Advisory – Legal firms Gianni & Origoni, and Luisa Melara & Partners provided significant legal support during the acquisition process.
Financials
- 263 – The number of jobs preserved as a result of the acquisition of Fimer by MA Solar Italy Limited.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MA Solar Italy Limited | Acquirer | Company | A subsidiary of MA Corporate Holdings Limited that has acquired Fimer. |
| Fimer | Target Company | Company | An Italian company under extraordinary administration, specializing in the production and commercialization of photovoltaic inverters. |
| MA Corporate Holdings Limited | Parent Company | Company | The parent company of MA Solar Italy Limited. |
| KPMG Advisory | Consultant | Company | Provided assistance in the preparation of the industrial plan for the acquisition. |
| Greybull Capital | Consultant | Company | Provided consultancy support to MA Solar Italy Limited in the acquisition. |
| Gianni & Origoni | Legal Consultant | Company | Assisted on restructuring, antitrust, Golden Power, and English law aspects. |
| Luisa Melara & Partners Law Firm | Legal Consultant | Company | Assisted Fimer and the extraordinary commissioners in the competitive sale procedure. |
| Maurizio Ascione Ciccarelli | Extraordinary Commissioner | Person | One of the commissioners representing Fimer during the sale. |
| Eugenio D’Amico | Extraordinary Commissioner | Person | One of the commissioners representing Fimer during the sale. |
| Gerardo Losito | Extraordinary Commissioner | Person | One of the commissioners representing Fimer during the sale. |