Over Engages in Strategic Move with Fervo Group Acquisition
Deal News | Jan 20, 2025 | Legal Community Italy
Over, a tech company specializing in energy management and monitoring solutions spun-off from Sapienza University of Rome, has successfully navigated a concordato preventivo process through the sale of a significant business unit to Omnireal, part of Fervo Group. This transaction was facilitated by Cicala Riccioni & Partners, representing Over, and Legance, advising Fervo. The procedure, ratified by the Court of Rome, was pivotal in preserving the company’s value and securing employment within Over. Cicala Riccioni & Partners’ team was led by partner Alessandro Riccioni with the support of partner Giusy Ferrazzo and associate Roberta Anghelone. Meanwhile, Fervo received legal assistance from Barbara Bartolini and Legance, with their team featuring partner Stefano Parlatore, senior counsel Marialuisa Garavelli, and senior associate Giorgio Abbadessa.
Sectors
- Technology
- Energy Management
- Legal Services
Geography
- Italy – The companies involved, Over and Fervo, as well as the legal proceedings, are based in Italy.
Industry
- Technology – Over is a tech company focused on energy monitoring solutions, indicating its involvement in the technology industry.
- Energy Management – The transaction involves companies specializing in energy management solutions, relevant due to Over's energy management capabilities.
- Legal Services – Legal services are pertinent as legal advisory firms Cicala Riccioni & Partners and Legance played key roles in the transaction.
Financials
- Not specified – The article does not specify the financial terms of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Over | Target company | Company | A tech company specializing in energy management solutions, originating as a spin-off from Sapienza University of Rome. |
| Fervo | Bidding company | Company | A company active in the facility and energy management sector. |
| Omnireal | Acquiring company | Company | Subsidiary of Fervo, involved in acquiring the business unit from Over. |
| Cicala Riccioni & Partners | Legal advisor to Over | Company | Law firm representing Over in the transaction. |
| Legance | Legal advisor to Fervo | Company | Law firm advising Fervo during the acquisition. |
| Tribunale di Roma | Overseeing authority | Government | Court in Rome that authorized and oversaw the concordato preventivo process. |