White Lab Acquires Majority Stake in Linset
Deal News | Dec 10, 2024 | Legal Community Italy
White Lab, an Italian platform dedicated to testing services, has acquired a majority stake in Linset, a laboratory based in Fano, Italy. This strategic acquisition was facilitated by the involvement of major legal advisors such as Dentons, Giovannelli e Associati, and LCA Studio Legale. Dentons handled various aspects of the legal proceedings, including corporate contracts and compliance, with a team led by Antonio Legrottaglie. Giovannelli e Associati focused on financial legalities, while LCA Studio Legale represented Linset in the transaction. White Lab, which is backed by White Bridge Investments, aims to enhance its presence in the testing services market, strengthening its capabilities in advanced destructive and non-destructive testing services across sectors like automotive, aerospace, and defense. With this acquisition, White Lab now operates 17 laboratories with over 450 employees and reports an aggregated revenue exceeding 60 million euros.
Sectors
- Testing Services
- Private Equity
- Legal Services
Geography
- Italy – The involved companies, White Lab and Linset, as well as the supporting legal firms, are based in Italy, making it the focal geography of the transaction.
Industry
- Testing Services – White Lab operates in the testing services industry, offering advanced testing solutions across various sectors including automotive, aerospace, and defense.
- Private Equity – The acquisition was supported by White Bridge Investments, a leading private equity firm backing White Lab's strategic expansion.
- Legal Services – Dentons, Giovannelli e Associati, and LCA Studio Legale provided various legal services essential to the completion of the acquisition deal.
Financials
- 60 million euros – White Lab's aggregated revenue following the acquisition of Linset.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| White Lab | Bidding Company | Company | An Italian platform focused on providing advanced testing services across multiple industries. |
| Linset | Target Company | Company | A laboratory specializing in composite material research, serving industrial, nautical, and wind sectors. |
| White Bridge Investments | Private Equity Firm | Company | A Milan-based holding company dedicated to private equity investments, supporting White Lab's acquisition of Linset. |
| Dentons | Legal Advisor | Company | Provided legal advisory services related to corporate contracts and compliance for White Lab during the acquisition. |
| Giovannelli e Associati | Legal Advisor | Company | Advised on the financial legal aspects of the White Lab acquisition. |
| LCA Studio Legale | Legal Advisor | Company | Represented Linset in the legal proceedings of the transaction. |