Selet Sensor Divests to Senstronic
Funding | Jan 22, 2025 | Legal Community Italy
Selet Sensor S.r.l., an Italian company, has been sold to Senstronic Italy, a subsidiary of the French automation company Senstronic, as part of a concordato preventivo procedure. The transaction was enabled through a competitive process authorized by the Turin court under the legal frameworks applicable to financially distressed entities. Selet Sensor was represented by Gianni & Origoni with a team led by partner Luca Jeantet and supported by counsel and associates focusing on corporate restructuring and labor law. The financial advisory role was handled by Pvg Consulting. On the acquiring side, Senstronic was advised by Pavesio and associates with Negri-Clementi, with a specialized legal team addressing corporate restructuring and labor matters. Additionally, Ethica Group served as the financial advisor for the acquisition, while Grant Thornton undertook financial, tax, and structural due diligence.
Sectors
- Industrial Automation
- Legal Services
- Financial Services
Geography
- Italy – Selet Sensor is an Italian company, and the legal process occurred under Italian jurisdiction.
- France – Senstronic is a French company, with its Italian subsidiary, Senstronic Italy, involved in the acquisition.
Industry
- Industrial Automation – Selet Sensor and Senstronic are both involved in industrial automation, a key industry focus for this transaction.
- Legal Services – This transaction involved significant legal advisory due to the concordato preventivo procedure.
- Financial Services – Financial advisory played a critical role in this transaction with support for restructuring and due diligence.
Financials
- – No specific financial metrics such as deal price or valuation were disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Selet Sensor S.r.l. | Target Company | Company | An Italian company sold under a concordato preventivo to Senstronic. |
| Senstronic Italy | Acquiring Company | Company | An Italian subsidiary of Senstronic, a French industrial automation company. |
| Senstronic | Parent Company of Acquiring Company | Company | A French company specializing in industrial automation. |
| Pavesio and associates with Negri-Clementi | Legal Advisor to Senstronic | Company | A legal consultancy assisting Senstronic on corporate and labor aspects of the transaction. |
| Pvg Consulting | Financial Advisor to Selet Sensor | Company | Provided financial advisory to Selet Sensor for the transaction. |
| Ethica Group | Financial Advisor to Senstronic | Company | Provided financial advisory support to Senstronic in this transaction. |
| Grant Thornton | Due Diligence Provider | Company | Conducted financial, tax, and structural due diligence for the transaction. |