Montefiore acquires majority stake in Milani
Deal News | Nov 08, 2024 | Legal Community Italy
Montefiore Investment, a pan-European private equity firm, has signed a binding agreement to acquire a majority stake in Milani, an Italian leader in the design, installation, and maintenance of electrical, mechanical, and hydraulic (MEP) systems, focusing on large commercial and service complexes. The partnership aims to strengthen Milani’s positioning as a leading Italian specialist. The Milani family will retain a minority share and continue to manage the company. The deal's completion is expected in the coming months, pending typical legal conditions. DLA Piper provided comprehensive legal assistance to Montefiore, involving numerous legal disciplines including contract law, urban planning, real estate, labor laws, intellectual property, public procurement, and financial regulation. Additionally, Gatti Pavesi Bianchi Ludovici handled tax matters for Montefiore, while Legance and Studio Legale Romagnano supported the Milani family with contract, corporate, and labor law matters. Several firms, including PwC, EY, BIP, and Kearney, conducted financial, ESG, IT, and commercial due diligence. Notary aspects were managed by Angelo Busani.
Sectors
- Private Equity
- Mechanical, Electrical, and Plumbing (MEP)
- Legal Services
Geography
- Italy – Milani is an Italian company, and the transaction involves several Italian legal and advisory firms, making Italy the primary geography.
- Europe – Montefiore Investment is a pan-European firm, indicating the broader European geographical relevance.
Industry
- Private Equity – The article discusses an acquisition by Montefiore Investment, a private equity firm, indicating its relevance to the Private Equity industry.
- Mechanical, Electrical, and Plumbing (MEP) – Milani operates within the Mechanical, Electrical, and Plumbing sector, focusing on large commercial and service complexes.
- Legal Services – Multiple law firms provided extensive legal support for the acquisition, highlighting the role of the Legal Services industry.
Financials
- Not specified – The financial terms of the acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Montefiore Investment | Acquiring Firm | Company | A pan-European private equity firm acquiring a majority stake in Milani. |
| Milani | Target Company | Company | An Italian leader in MEP systems for large complexes. |
| DLA Piper | Legal Advisor | Company | Provided comprehensive legal assistance to Montefiore. |
| Gatti Pavesi Bianchi Ludovici | Tax Advisor | Company | Handled the tax aspects of the acquisition for Montefiore. |
| Legance | Legal Advisor | Company | Assisted the Milani family with contract and corporate law. |
| PwC | Financial Due Diligence | Company | Conducted the financial due diligence for both Montefiore and Milani. |
| EY | ESG Due Diligence | Company | Conducted ESG due diligence for the acquisition. |
| BIP | IT Due Diligence | Company | Conducted IT due diligence. |
| Kearney | Commercial Due Diligence | Company | Conducted commercial due diligence. |
| Marsh | Insurance Due Diligence | Company | Assisted with insurance aspects of the acquisition. |
| Angelo Busani | Notary | Person | Managed notary aspects of the deal. |