Phse expands with 70% acquisition of World Infinity
Deal News | Jan 30, 2025 | Legal Community Italy
Eversheds Sutherland has successfully guided Phse, a leading player in the pharmaceutical logistics sector, in acquiring a 70% stake in World Infinity Services (Wis). This acquisition allows Phse to enter the Belgian market, expanding their reach in the field of international pharmaceutical shipments. The legal team from Eversheds Sutherland, led by Partner Davide Proverbio and Associate Giuseppe Angiulli, provided extensive support in structuring and negotiating the transaction. For the Belgian law aspects, Eversheds collaborated with Deloitte Legal's Brussels office. The selling shareholders of World Infinity were represented by PwC Legal, with Directors Ive Serneels and Managing Associate Joni Van Wessel playing key advisory roles.
Sectors
- Pharmaceutical Logistics
- Legal Advisory
Geography
- Belgium – World Infinity, the target company, operates in Belgium, marking the geographical focus of the acquisition.
- Italy – Phse is an Italian company, which highlights the cross-border nature of the transaction.
Industry
- Pharmaceutical Logistics – The acquisition involves companies that specialize in the logistics and distribution of pharmaceutical products, emphasizing controlled temperature shipments.
- Legal Advisory – The article discusses the involvement of Eversheds Sutherland, Deloitte Legal, and PwC Legal in providing legal advisory services for the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Phse | Bidding Company | Company | An Italian group active in pharmaceutical logistics specializing in temperature-controlled transportation. |
| World Infinity Services (Wis) | Target company | Company | A Belgian company specializing in international pharmaceutical shipments. |
| Eversheds Sutherland | Legal Advisor | Company | Provided legal assistance to Phse in structuring and negotiating the acquisition. |
| Deloitte Legal | Legal Advisor | Company | Collaborated with Eversheds Sutherland on Belgian legal matters. |
| PwC Legal | Legal Advisor | Company | Represented the selling shareholders in the transaction. |
| Davide Proverbio | Lead Partner | Person | Partner at Eversheds Sutherland leading the team for this acquisition. |
| Giuseppe Angiulli | Associate | Person | Associate at Eversheds Sutherland assisting in the acquisition. |
| Ive Serneels | Director | Person | Director at PwC Legal advising the selling shareholders. |
| Joni Van Wessel | Managing Associate | Person | Managing Associate at PwC Legal advising the selling shareholders. |