Serroplast Acquires Plastik Advanced with Eversheds Sutherland's Assistance
Deal News | Feb 25, 2025 | Legal Community Italy
Magel, the company owning the Serroplast brand and backed by Dea Capital Alternative Funds sgr and the Borracci family, has successfully acquired 100% of Plastik Advanced, a firm specializing in the production of grape and small fruit covers in Italy. Eversheds Sutherland provided comprehensive legal support on the acquisition with a team led by Partner Alessandro Vischi, covering corporate, labor, IP, and privacy law aspects. BC& acted on fiscal, financial, and tax due diligence led by Partner Franco Battaglia. The negotiation and drafting of sale contracts were managed by Cluster Legal Engineering with guidance from Luigi Scrosati. Financial and fiscal aspects were overseen by Plastik Advanced's CFO, Luca Spada, in collaboration with Marinelli&Co.
Sectors
- Legal Services
- Agricultural Manufacturing
- Private Equity
Geography
- Italy – Both the target company, Plastik Advanced, and the acquiring entity, Serroplast, are operating in Italy. The deal and all jurisdictions mentioned relate to Italian businesses and legal services.
Industry
- Legal Services – The article details the legal services provided by multiple law firms in executing the acquisition transaction.
- Agricultural Manufacturing – Plastik Advanced is involved in producing covers for agricultural use, specifically for table grapes and small fruits.
- Private Equity – Dea Capital Alternative Funds sgr, a private equity firm, backs the buyer, Magel, in this acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eversheds Sutherland | Legal Advisor | Company | Provided comprehensive legal support including corporate, labor, IP, and privacy legal aspects for the acquisition. |
| Magel | Acquirer (Buyer) | Company | The company owning the Serroplast brand, backed by Dea Capital Alternative Funds sgr and the Borracci family, acquiring 100% of Plastik Advanced. |
| Plastik Advanced | Target Company | Company | A company specializing in the production of covers for table grapes and small fruits in Italy. |
| Dea Capital Alternative Funds sgr | Private Equity Funder | Company | Private equity firm backing the buyer, Magel. |
| BC& | Financial and Tax Advisor | Company | Provided fiscal structuring and execution advice as well as financial and tax due diligence for the acquisition. |
| Cluster Legal Engineering | Legal Advisor | Company | Assisted the sellers with legal aspects of the contract negotiation and drafting for the sale. |
| Luca Spada | Chief Financial Officer | Person | CFO of Plastik Advanced, oversaw financial and fiscal aspects of the transaction with Marinelli&Co. |
| Marinelli&Co | Financial and Fiscal Advisor | Company | Collaborated with Plastik Advanced's CFO on the financial and fiscal aspects of the sale. |