Nuo Increases Stake in Sacs Tecnorib with 32% Acquisition
Deal News | Nov 21, 2024 | Legal Community Italy
Nuo, an investment holding company, has acquired a 32% stake in Italian nautical company Sacs Tecnorib. Despite this significant acquisition, Matteo Magni, the company's founder, retains control with over 50% ownership and will continue as CEO and chairman. The acquisition was facilitated by Chiomenti, who provided corporate legal support, with Chiomenti's Luigi Vaccaro and Mario Pelli Cattaneo leading the team. Gitti & Partners managed the fiscal aspects for Nuo, and De Lorenzi Miccicch Scalera Spada represented the selling shareholders. Clearwater advised the shareholders of Sacs Tecnorib on M&A matters.
Sectors
- Nautical Manufacturing
- Investment and Private Equity
- Legal Services
Geography
- Italy – The location of Sacs Tecnorib and the professional firms providing advisory services for the transaction.
Industry
- Nautical Manufacturing – Relevant as Sacs Tecnorib specializes in manufacturing nautical vessels, namely maxi-rib boats.
- Investment and Private Equity – Nuo is an investment holding company engaged in acquiring stakes in businesses for strategic purposes.
- Legal Services – Chiomenti and other law firms provided legal advisory services critical to the acquisition deal.
Financials
- 32% – The percentage of Sacs Tecnorib acquired by Nuo.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nuo | Bidding Company | Company | Investment holding company acquiring a stake in Sacs Tecnorib. |
| Sacs Tecnorib | Target Company | Company | Italian nautical company specializing in maxi-rib boats. |
| Matteo Magni | CEO and Chairman | Person | Founder of Sacs Tecnorib, retaining control with over 50% shareholding. |
| Chiomenti | Legal Advisor to Nuo | Company | Provided corporate legal support for the acquisition. |
| Gitti & Partners | Fiscal Advisor to Nuo | Company | Managed the fiscal aspects of the acquisition for Nuo. |
| De Lorenzi Miccicch Scalera Spada | Legal Advisor to Vendors | Company | Represented the selling shareholders of Sacs Tecnorib. |
| Clearwater | M&A Advisor | Company | Provided M&A advisory services to the shareholders of Sacs Tecnorib. |