Proma Group Takes on Strategic Acquisition in the Automotive Sector
Deal News | Dec 12, 2024 | Legal Community Italy
Proma Group, an established Italian company specialized in manufacturing automotive components, has signed an investment agreement to acquire certain assets from Recaro Automotive, a global leader in high-quality car seat production. The acquisition aims to facilitate a transition period leading to operational continuity and a business relaunch in Europe by January 2025. Legal assistance was provided by Gatti Pavesi Bianchi Ludovici, with a team led by equity partners Andrea Novarese and Maria Cristina Storchi. This strategic move is expected to bolster Proma's presence in the European automotive sector.
Sectors
- Automotive Manufacturing
- Legal Services
Geography
- Italy – Proma Group is an Italian company and Gatti Pavesi Bianchi Ludovici is an Italian law firm, which highlights Italy's role as the central operational and legal jurisdiction for this transaction.
- Europe – The transition and operational relaunch of Proma Group's activities are focused on the European market, starting in January 2025.
Industry
- Automotive Manufacturing – Proma Group and Recaro Automotive are both key players in automotive component manufacturing, focusing on car seats and structural components.
- Legal Services – Legal services are central to this deal, with Gatti Pavesi Bianchi Ludovici providing critical advisory and transactional assistance.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Proma Group | Bidding Company | Company | Italian company specializing in the production of automotive components. |
| Recaro Automotive | Target Company | Company | Global supplier known for high-quality car seat manufacturing. |
| Gatti Pavesi Bianchi Ludovici | Legal Advisor | Company | Italian law firm assisting Proma Group with the acquisition. |
| Andrea Novarese | Equity Partner | Person | Equity partner at Gatti Pavesi Bianchi Ludovici involved in the transaction. |
| Maria Cristina Storchi | Equity Partner | Person | Equity partner at Gatti Pavesi Bianchi Ludovici involved in the transaction. |
| Andrea Garbarino | Associate | Person | Associate at Gatti Pavesi Bianchi Ludovici involved in the transaction. |