Sphere Acquires Romagnasac Holding from Orienta Capital Partners
Deal News | Oct 31, 2024 | Legal Community Italy
Sphere, a French group specializing in sustainable packaging solutions, has successfully acquired the holding company Romagnasac and its subsidiaries, Virosac and Rapid, from a group of investors led by Orienta Capital Partners. Nunziante Magrone provided legal assistance to Sphere throughout the acquisition process, with a team led by founding partner Gianmarco Mileni. On the financing side, White & Case represented Crdit Agricole Italia and Banca Nazionale del Lavoro, which acted as mandated lead arrangers for the transaction. Gitti and Partners advised the sellers, while Di Tanno Associati handled the fiscal aspects for Orienta Capital Partners. The acquisition marks Sphere's fourth M&A operation in Italy, solidifying its presence in the Italian market.
Sectors
- Legal Services
- Packaged Goods
- Financial Services
Geography
- Italy – The acquisition took place in Italy, involving Italian-based companies and legal services.
- France – Sphere, the acquiring company, is based in France, influencing the cross-border nature of this transaction.
Industry
- Legal Services – The acquisition involved significant legal assistance from multiple law firms, highlighting the importance of legal services in M&A transactions.
- Packaged Goods – The target companies, Virosac and Rapid, operate in the creation and distribution of packaging products, situating the deal within the packaged goods industry.
- Financial Services – Crdit Agricole Italia and Banca Nazionale del Lavoro provided financial services for the deal, including financing arrangements.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sphere | Acquirer | Company | A French group specializing in sustainable packaging solutions. |
| Romagnasac | Target | Company | Italian holding company being acquired by Sphere. |
| Orienta Capital Partners | Vendor | Company | Led a group of investors selling Romagnasac and its subsidiaries. |
| Virosac | Subsidiary | Company | Operates in the production and commercialization of household packaging. |
| Rapid | Subsidiary | Company | Specialized in the food wrap market including aluminum and baking paper. |
| Nunziante Magrone | Legal Advisor (Buyer) | Company | Provided legal services to Sphere during the acquisition. |
| Gitti and Partners | Legal Advisor (Seller) | Company | Advised the selling group of investors. |
| White & Case | Legal Advisor (Finance) | Company | Advised banking entities on financing arrangements. |
| Di Tanno Associati | Fiscal Advisor | Company | Handled fiscal aspects for Orienta Capital Partners. |
| Crdit Agricole Italia | Financier | Company | Financed the acquisition as a mandated lead arranger. |
| Banca Nazionale del Lavoro | Financier | Company | Financed the acquisition as a mandated lead arranger. |
| Stefano Rampolla | Notary | Person |