Oaktree Completes Acquisition of IME with Financing from Bper Banca and Generali
Deal News | Mar 17, 2025 | Legal Community Italy
Oaktree, through its entity Col Giovanni Paolo, has successfully acquired Industrie Meccaniche Elettriche (IME), a company based in Bergamo known for producing industrial electrical panels. The acquisition was financed by Bper Banca and the European Direct Private Debt Fund 1, managed by Generali Asset Management. Legal assistance for the financing was provided by Ashurst, a law firm that advised the lenders on the new lines of credit and modifications to the existing financing contract. The legal team was led by partner Riccardo Rossi and included contributions from senior associate Marco Sangiorgi and associates Alessio Lisanti and Federica Ferrua. The transaction also involved an agreement modification with existing banks like Crédit Agricole Italia, Deutsche Bank, Banca Ifis, and Banca Sella.
Sectors
- Financial Services
- Legal Services
- Manufacturing
Geography
- Italy – The acquisition target, IME, is based in Bergamo, Italy. Several participating banks and legal services are also within Italy.
Industry
- Financial Services – Involvement of banks and a private debt fund in financing the acquisition.
- Legal Services – Legal advisory role of Ashurst in structuring and completing the financing deal.
- Manufacturing – IME is a company specializing in the production of industrial electrical panels.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Oaktree | Bidding Company | Company | Oaktree is the investment fund acquiring IME through its subsidiary Col Giovanni Paolo. |
| Col Giovanni Paolo | Target Company | Company | A subsidiary of Oaktree responsible for acquiring IME. |
| Industrie Meccaniche Elettriche (IME) | Target Company | Company | A company based in Bergamo, Italy, specializing in industrial electrical panels. |
| Bper Banca | Financier | Company | Provided financing for Oaktree's acquisition of IME. |
| European Direct Private Debt Fund 1 | Financier | Company | Managed by Generali Asset Management, providing debt financing for the acquisition. |
| Ashurst | Legal Advisor | Company | Legal advisory firm assisting in the financing of the acquisition. |
| Crédit Agricole Italia | Existing Financier | Company | Part of the existing pool of banks involved in the financing agreement. |
| Deutsche Bank | Existing Financier | Company | Part of the existing pool of banks involved in the financing agreement. |
| Banca Ifis | Existing Financier | Company | Part of the existing pool of banks involved in the financing agreement. |
| Banca Sella | Existing Financier | Company | Part of the existing pool of banks involved in the financing agreement. |