UniverGas Transition in Italian LPG Sector Completed
Deal News | Jul 10, 2025 | Legal Community Italy
Goldengas, Beyfin, and SCG Gas, key players in the distribution of LPG and other low-impact fuels in Italy, have equally acquired shares in UniverGas Italia from UGI International. Beyfin secured financing from Intesa Sanpaolo for the transaction. Watson Farley & Williams advised Beyfin on the corporate and financing aspects, with regulatory due diligence performed by their multidisciplinary team. Goldengas was represented by Zaglio Orizio Braga and Associati, while SCG Gas was advised by Studio Legale Gaetani. UGI International was supported by DLA Piper, which handled all phases of the sale, including corporate, regulatory, and commercial contractual aspects.
Sectors
- Energy
- Legal Services
- Finance
Geography
- Italy – The transaction involves Italian companies acquiring an Italian LPG distribution company, UniverGas Italia.
Industry
- Energy – The article focuses on the acquisition of a company involved in the distribution of Liquefied Petroleum Gas (LPG), a segment within the energy sector.
- Legal Services – The article details the involvement of multiple law firms providing legal advisory services for the transaction.
- Finance – Financial institutions are mentioned in the form of a financing deal from Intesa Sanpaolo, indicating its significance in the transaction.
Financials
- Not specified – The article does not specify the financial terms of the acquisition but notes that Beyfin secured financing from Intesa Sanpaolo.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| UniverGas Italia | Target | Company | An Italian company specializing in gas distribution, acquired by Goldengas, Beyfin, and SCG Gas. |
| UGI International | Vendor | Company | The company selling its shares in UniverGas Italia. |
| Goldengas | Buyer | Company | An Italian company involved in the distribution of LPG and one of the acquirers of UniverGas. |
| Beyfin | Buyer | Company | An acquirer of UniverGas shares, also securing financing from Intesa Sanpaolo for the transaction. |
| SCG Gas | Buyer | Company | One of the three Italian companies acquiring shares in UniverGas. |
| Intesa Sanpaolo | Financier | Company | Provided financing necessary for Beyfin's participation in the acquisition. |
| Watson Farley & Williams (WFW) | Legal Advisor | Company | Provided legal advisory to Beyfin for corporate and financing aspects of the transaction. |
| Zaglio Orizio Braga e Associati | Legal Advisor | Company | Legal advisors for Goldengas in the acquisition. |
| Studio Legale Gaetani | Legal Advisor | Company | Advised SCG Gas on legal aspects of the acquisition. |
| DLA Piper | Legal Advisor | Company | Provided comprehensive legal advice to UGI International throughout the sale process. |