Solina Expands into Italian Market with Mta Acquisition
Deal News | Dec 03, 2024 | Legal Community Italy
Solina, a company specializing in the production of ingredient mixes for the food industry, primarily backed by the private equity firm Astorg, has successfully completed the acquisition of a majority stake in Mta. Mta is an Italian producer of ingredients, additives, and flavors, notably for the processed meat sector. The acquisition was finalized upon receiving all necessary legal authorizations and marks Solina's strategic expansion into Southern Europe, particularly the Italian market. PedersoliGattai advised Solina with a diverse legal team tackling corporate, M&A aspects, labor law, antitrust, and golden power issues, coordinated by partner Ascanio Cibrario. Meanwhile, the vendors were represented by Villa&Partners, led by Fulvio Villa. Notarial aspects were managed by Znr Notai. This acquisition exemplifies Solina's strategic growth plan and its intent to deepen its footprint in the European food industry landscape.
Sectors
- Food Industry
- Legal Services
- Private Equity
Geography
- Italy – The home country of Mta and a key market for Solina's expansion.
- Southern Europe – The broader geographical strategy for Solina's expansion via acquiring Mta.
Industry
- Food Industry – The primary industry in which both Solina and Mta operate, focusing on ingredients for processed foods.
- Legal Services – Involvement of various legal advisors to structure and finalize the acquisition deal.
- Private Equity – Astorg, as the backing private equity firm for Solina, indicates involvement from the investment sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Solina | Acquiring Company | Company | A company producing ingredient mixes for the food industry and backed by Astorg. |
| Mta | Target Company | Company | An Italian producer of ingredients, additives, and aromas for the processed meat industry. |
| Astorg | Private Equity Firm | Company | The private equity firm backing Solina in its acquisition of Mta. |
| PedersoliGattai | Legal Advisor | Company | The law firm that advised Solina on corporate, M&A, labor law, antitrust, and golden power issues. |
| Villa&Partners | Legal Advisor to Sellers | Company | The legal firm representing the vendors in the transaction. |
| Znr Notai | Notarial Services | Company | Handled the notarial aspects of the acquisition deal. |