Next 14 Acquired by Sae Group, Rebranded as Next Different
Deal News | Nov 14, 2024 | Legal Community Italy
Sae Group has completed its acquisition of Next 14 through its subsidiary Sae Communication. The acquisition, announced in May, follows Sae's previous acquisition of Different in February, resulting in a rebranding to Next Different to position itself as an integrated communication player. EY Studio Legale Tributario provided legal and contractual assistance to Sae, with a team led by Christian Busca, while tax structuring was managed by Walter Quirino Imbimbo's team. LCA assisted Next 14 with a team led by Riccardo Sismondi, alongside support from Studio Belli of Parma. For financing aspects, LCA's team, led by Davide Valli, contributed their expertise. Clearwater acted as the debt advisor for Sae Group and the management teams of Next 14 and Different, with Michele Castiglioni leading the advisory team.
Sectors
- Communications
- Legal Services
- Financial Advisory
Geography
- Italy – The acquisition involves Italian-based entities, Sae Group and Next 14, and legal and advisory firms based in Italy.
Industry
- Communications – The article discusses the acquisition of Next 14 by Sae Group, both involved in the communications industry.
- Legal Services – Legal firms such as EY and LCA played key roles in providing legal and contractual assistance for the acquisition.
- Financial Advisory – Clearwater's role as a debt advisor highlights the involvement of financial advisory services in the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sae Group | Bidding Company | Company | Italian communications group acquiring Next 14. |
| Next 14 | Target Company | Company | An Italian company involved in communication services acquired by Sae Group. |
| EY Studio Legale Tributario | Legal Advisor | Company | Provided legal and contractual assistance to Sae Group for the acquisition. |
| LCA Studio Legale | Legal Advisor | Company | Advised Next 14 on legal and contractual matters. |
| Clearwater International | Debt Advisor | Company | Acted as debt advisor for Sae Group and management of Next 14 and Different. |
| Studio Belli | Legal Advisor | Company | Assisted Next 14 for legal matters in the acquisition. |