{"id":14095,"date":"2022-05-17T16:27:43","date_gmt":"2022-05-17T14:27:43","guid":{"rendered":"https:\/\/www.bertoncellobpa.it\/specializzazioni\/operazioni-di-ma\/"},"modified":"2026-04-15T15:47:10","modified_gmt":"2026-04-15T13:47:10","slug":"ma-transactions","status":"publish","type":"page","link":"https:\/\/www.bertoncellobpa.it\/en\/practice-areas\/ma-transactions\/","title":{"rendered":"M&#038;A transactions"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"14095\" class=\"elementor elementor-14095 elementor-13191\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8959a58 elementor-section-full_width elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"8959a58\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ae7e97d\" data-id=\"ae7e97d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0644b83 elementor-widget elementor-widget-image\" data-id=\"0644b83\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 26-05-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/elementor\/thumbs\/Gestione-dei-gruppi_interna-qfej15vj3d6ktpre239onavyug3fyz5qijmjvtp3m0.png\" title=\"Gestione dei gruppi_interna\" alt=\"Gestione dei gruppi_interna\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b996c48 elementor-section-full_width elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"b996c48\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d1da126\" data-id=\"d1da126\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-be94b65 qodef-m-title elementor-widget elementor-widget-heading\" data-id=\"be94b65\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 26-05-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h3 class=\"elementor-heading-title elementor-size-default\">M&A transactions<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2442e4b elementor-section-full_width elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"2442e4b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9256108\" data-id=\"9256108\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b5ec444 elementor-widget elementor-widget-text-editor\" data-id=\"b5ec444\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 26-05-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>The Firm provides comprehensive support to clients in both Sell Side and Buy Side M&amp;A transactions.<\/p><p><i>Sell Side<\/i><\/p><p>Several factors have contributed to the increasing frequency of M&amp;A transactions today, including high market liquidity, the lack or impossibility of generational succession, and the desire of business owners to pursue new opportunities.<\/p><p>In particular, in mid-market transactions involving SMEs, sellers are often unfamiliar with the M&amp;A process, which may leave them uncertain and apprehensive. The first step is therefore to gain a clear understanding of the implications of such a significant and often life-changing decision, including the various stages of the negotiation process.<\/p><p>In this context, it is not uncommon for valuations\u2014or expectations\u2014to overlook important elements, for latent risks to go unassessed, or for the practical consequences of certain agreements to be underestimated. We guide entrepreneurs throughout the entire process, starting with the identification of economic and strategic objectives\u2014an essential first step that is is often underestimated in what is typically a once-in-a-lifetime transaction.<\/p><p><i>Buy Side<\/i><\/p><p>The Firm also assists investors seeking to acquire a business. In evaluating potential targets, a careful analysis and quantification of tax risks is a key consideration.<\/p><p>In the context of M&amp;A transactions, the Firm carries out thorough tax and financial due diligence, ensuring that all risks and opportunities are properly assessed to support informed decision-making.<\/p><p><em>Publicly Disclosed Transactions<\/em>Among the various transactions handled by the Firm over the years, the following have been reported in the press:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bf5d13c elementor-section-full_width elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"bf5d13c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f103a7a\" data-id=\"f103a7a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b43175f qodef-m-title elementor-widget elementor-widget-heading\" data-id=\"b43175f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Concluded transactions of public relevance<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f85962 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"4f85962\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-9947349\" data-id=\"9947349\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a3b70ce elementor-widget elementor-widget-text-editor\" data-id=\"a3b70ce\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Partners of<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c016c4 elementor-widget elementor-widget-image\" data-id=\"1c016c4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"626\" height=\"113\" src=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2023\/09\/finrel.png\" class=\"attachment-full size-full wp-image-13767\" alt=\"\" srcset=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2023\/09\/finrel.png 626w, https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2023\/09\/finrel-300x54.png 300w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9fcc404 elementor-widget elementor-widget-text-editor\" data-id=\"9fcc404\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Finrel S.p.A. (the holding company of the Casappa Group), carried out a major corporate and family reorganisation.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d3a0d11 elementor-widget elementor-widget-text-editor\" data-id=\"d3a0d11\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Year: April 2023<\/p><p>Role: Family trusted advisor and sell-side financial advisor<\/p><p>Sector: Industrial<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d83a3b9 elementor-widget elementor-widget-valiance_core_accordion\" data-id=\"d83a3b9\" data-element_type=\"widget\" data-widget_type=\"valiance_core_accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"qodef-shortcode qodef-m  qodef-accordion clear  qodef-behavior--toggle qodef-layout--simple\">\n\t<h5 class=\"qodef-accordion-title\">\n\t<span class=\"qodef-tab-title\">The shareholders of Finrel S.p.A. have completed an important corporate reorganization process.<\/span>\n\t<span class=\"qodef-accordion-mark\">\n\t\t<span class=\"qodef-icon--plus\">+<\/span>\n\t\t<span class=\"qodef-icon--minus\">-<\/span>\n\t<\/span>\n<\/h5>\n<div class=\"qodef-accordion-content\">\n\t<div class=\"qodef-accordion-content-inner\">\n\t\t<p>The shareholders of Finrel S.p.A., the Casappa family holding company that controls a group active in the design, production, and marketing of hydraulic components, have completed an important corporate reorganization process. The goal is to ensure the continuity of the significant development, investment, and international growth project.<\/p><p>The Casappa family has undertaken a corporate journey that, on one hand, preserves the continuity of the current management team and, on the other, consolidates governance under Renato, Luciano, and Filippo Casappa, with Stefania and Elena Casappa exiting the corporate structure. The agreement was finalized through the full cooperation of all parties involved.<\/p><p>The entire Casappa family was assisted by Dr. Carlo Bertoncello and lawyer Massimo De Vincenzo in a process aimed at finding a better redefinition of the family organizational structures of the Finrel Group.<\/p><p>Subsequently, Elena and Stefania Casappa were assisted by Dr. Carlo Bertoncello, as financial advisor, and lawyer Massimo De Vincenzo for all legal and corporate aspects.<\/p><p>STPG Scouting Capital Advisors assisted Luciano, Renato, Filippo Casappa, and Finrel S.p.A. with the financial aspects of the operation, also coordinating the debt advisory activity aimed at raising funds for the operation, which involved a pool of banks composed of Credit Agricole (agent bank), Banco BPM, BPER, and BNL. The STPG Scouting Capital Advisors team was coordinated by managing partner Filippo Bratta and included Associate Director Elisa Rivi and Analyst Eleonora Preto.<\/p><p>PwC TLS Avvocati e Commercialisti assisted the shareholders Luciano, Renato, and Filippo Casappa throughout the entire corporate reorganization process.<\/p><p>In particular, PwC TLS handled all legal, corporate, and fiscal aspects (structuring, negotiation\/contractual assistance), with a team of lawyers coordinated by partner Filippo Zucchinelli and consisting of director Michele Fava, senior manager Giulio Della Casa, manager Laura Spazioso, and senior associate Valeria Chiocca, and with a team of accountants coordinated by partner Simone Marchi\u00f2, senior managers Marco Messina and Paolo Bettinardi, and senior associate Francesca Mariani.<\/p><p>Regarding the negotiation of bank financing contracts, the team of PwC TLS lawyers was coordinated by partner Tommaso Tomaiuolo and consisted of director Gianluca De Donno and senior manager Luca Salvatori.<\/p><p>The banks involved in the operation were assisted by lawyer Davide D\u2019Affronto (Simmons &amp; Simmons).<\/p>\t<\/div>\n<\/div>\n<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-f8a71e9\" data-id=\"f8a71e9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-a91b407\" data-id=\"a91b407\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5da1701 elementor-widget elementor-widget-text-editor\" data-id=\"5da1701\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Partners of<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20d9933 elementor-widget elementor-widget-image\" data-id=\"20d9933\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"647\" height=\"306\" src=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2023\/09\/Munari.png\" class=\"attachment-full size-full wp-image-13768\" alt=\"\" srcset=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2023\/09\/Munari.png 647w, https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2023\/09\/Munari-300x142.png 300w\" sizes=\"(max-width: 647px) 100vw, 647px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e14dda4 elementor-widget elementor-widget-text-editor\" data-id=\"e14dda4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>they transferred the entire share capital to employees of the same company, completing a management buyout.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43e1963 elementor-widget elementor-widget-text-editor\" data-id=\"43e1963\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Year: August 2023<\/p><p>Role: Sole financial advisor for all parties involved<\/p><p>Industry: Chemical<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37fe9b9 elementor-widget elementor-widget-valiance_core_accordion\" data-id=\"37fe9b9\" data-element_type=\"widget\" data-widget_type=\"valiance_core_accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"qodef-shortcode qodef-m  qodef-accordion clear  qodef-behavior--toggle qodef-layout--simple\">\n\t<h5 class=\"qodef-accordion-title\">\n\t<span class=\"qodef-tab-title\">The shareholders of Elettromunari S.r.l. have conducted a generational transfer, ensuring the continuity of the team built over the years.<\/span>\n\t<span class=\"qodef-accordion-mark\">\n\t\t<span class=\"qodef-icon--plus\">+<\/span>\n\t\t<span class=\"qodef-icon--minus\">-<\/span>\n\t<\/span>\n<\/h5>\n<div class=\"qodef-accordion-content\">\n\t<div class=\"qodef-accordion-content-inner\">\n\t\t<p>The shareholders of Elettromunari S.r.l. have conducted a generational transfer of the company by selling it to one of their employees.<\/p><p>The operation ensures the continuity of business relationships, also thanks to the continued support from the outgoing entrepreneurs, in an atmosphere of utmost trust, thus enhancing the relationships built over years of work.<\/p><p>Dr. Carlo Bertoncello assisted both parties in defining a shared company valuation, structuring the financial aspects of the operation, and carrying it out up to the notarial deeds.<\/p><p>The operation was financed by Banca del Veneto Centrale.<\/p>\t<\/div>\n<\/div>\n<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dfb42d8 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"dfb42d8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-abc63b2\" data-id=\"abc63b2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8b0320f elementor-widget elementor-widget-spacer\" data-id=\"8b0320f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 26-05-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-de1b90f elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"de1b90f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-ace91e5\" data-id=\"ace91e5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-450a9d9 elementor-widget elementor-widget-text-editor\" data-id=\"450a9d9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Partners of<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b54258 elementor-widget elementor-widget-image\" data-id=\"2b54258\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.gammarr.com\/it\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2022\/06\/image003-150x150.png\" class=\"attachment-thumbnail size-thumbnail wp-image-13647\" alt=\"\" srcset=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2022\/06\/image003-150x150.png 150w, https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2022\/06\/image003.png 225w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c553775 elementor-widget elementor-widget-text-editor\" data-id=\"c553775\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>they sold the majority of the capital to<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e88d9a elementor-widget elementor-widget-image\" data-id=\"3e88d9a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.italiandesignbrands.com\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2022\/06\/image004-150x150.png\" class=\"attachment-thumbnail size-thumbnail wp-image-13648\" alt=\"\" srcset=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2022\/06\/image004-150x150.png 150w, https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2022\/06\/image004.png 225w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a2b4d07 elementor-widget elementor-widget-text-editor\" data-id=\"a2b4d07\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Year: June 2022<\/p><p>Role: Sell-side financial advisor<\/p><p>Industry: Luxury Furnishing<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-95dff57 elementor-widget elementor-widget-valiance_core_accordion\" data-id=\"95dff57\" data-element_type=\"widget\" data-widget_type=\"valiance_core_accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"qodef-shortcode qodef-m  qodef-accordion clear  qodef-behavior--toggle qodef-layout--simple\">\n\t<h5 class=\"qodef-accordion-title\">\n\t<span class=\"qodef-tab-title\">Italian Design Brands (IDB) acquires a majority stake in Gamma Arredamenti International S.p.A.<\/span>\n\t<span class=\"qodef-accordion-mark\">\n\t\t<span class=\"qodef-icon--plus\">+<\/span>\n\t\t<span class=\"qodef-icon--minus\">-<\/span>\n\t<\/span>\n<\/h5>\n<div class=\"qodef-accordion-content\">\n\t<div class=\"qodef-accordion-content-inner\">\n\t\t<div class=\"flex flex-grow flex-col max-w-full\"><div class=\"min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"a7cc398a-79d1-4327-9fbd-04e4d58a2f16\"><div class=\"flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]\"><div class=\"markdown prose w-full break-words dark:prose-invert light\"><p>Italian Design Brands (IDB), the Italian hub of high-quality designer furnishings, has concluded its ninth aggregation operation with the acquisition of a majority stake in Gamma Arredamenti International S.p.A., a company specializing in the production of sofas, armchairs, and other furnishings primarily in leather.<\/p><p>Under the agreement, the two founders and main shareholders of Gamma - Gabriele Ghetti and Carla Botti - will remain at the helm of the company, in which they have reinvested while retaining a significant stake.<\/p><p>Founded in 1974 in Forl\u00ec, where its main headquarters are still located today, Gamma Arredamenti International operates a facility spanning over 10,000 square meters, complemented by a wholly-owned subsidiary in the United States, in North Carolina, promoting Italian-made products in the North American market. The company has always been distinguished by its commitment to the quality of raw materials used and over the years has become a prominent ambassador of Made in Italy worldwide, thanks to its strong expertise in leather craftsmanship and innovative product design. It exports to over 70 countries through its two proprietary brands, Gamma - renowned for its leather collection - and Dandy Home - a line designed in collaboration with Studio Vigan\u00f2, offering products characterized by a blend of materials, details, and creative solutions aligned with current trends. In 2021, the company achieved a consolidated turnover of nearly 26 million euros, with an export share exceeding 90%, and currently employs approximately 110 people.<\/p><p>Thanks to Gamma's strong presence in these markets, its entry allows Italian Design Brands to further consolidate its presence in the United States and China, high-potential markets for Italian furnishings, where IDB is pursuing significant commercial reinforcement projects, including the establishment of foreign subsidiaries. The Group recently opened a new office in the US, complementing the one inaugurated in early 2020 in China and the London branch active since last year. Gamma's extensive expertise in leather processing will also support other IDB companies and their designers in developing new elements and products, expanding the commercial offering and strengthening the Group's internal capabilities.<\/p><p>Andrea Sasso, Chairman and CEO of IDB, commented: \"We are delighted to welcome another excellence of Made in Italy into the IDB family. When we first met Gabriele and Carla, we were impressed by their vision and deep industry knowledge, which have made the company a solid reality with a strong presence in international markets. With the strategic and operational support of IDB, Gamma will continue to grow, expand its commercial network, and maintain its distinctive identity, enhancing its unique features even further.\"<\/p><p>Giorgio Gobbi, Managing Director of IDB, added: \"We believe this operation is highly strategic for the Group: Gamma's products complement IDB's current Furniture portfolio, in addition to the opportunity to add new significant production capabilities within the Group. Gamma has the potential to become the Group's reference center for leather processing and, leveraging its expertise, can support other companies and their designers in developing new products, creating important industrial synergies.\"<\/p><p>Gabriele Ghetti, Executive Chairman of Gamma Arredamenti, stated: \"One of the most important reasons that led us to this operation is our desire to continue growing our brand. The decision to join IDB stems from the value we see in the team as a whole: a group of complementary companies that successfully promote Made in Italy in international furnishing markets, combining the expertise and support of entrepreneurs and managers with extensive experience in their specific sectors. I believe that the opportunity to create strong synergies in areas such as research, production expertise, and go-to-market strategies will enable us to conquer new spaces and markets as true leaders.\"<\/p><p>Gamma Arredamenti was advised by Carlo Bertoncello as financial advisor, and Piero Belloni Peressutti (Studio Belloni) and Mara Ossani as legal advisors.<\/p><p>IDB was supported by Marco Franzini (Grimaldi Studio Legale) as legal advisor; Matteo Ennio, Giacomo Perrone, and Francoise Tincani (KPMG) for due diligence; and Marco Valdonio (Studio Maisto e Associati) for tax matters.<\/p><p>The transaction was financed by Unicredit.<\/p><\/div><\/div><\/div><\/div><div class=\"mt-1 flex gap-3 empty:hidden juice:-ml-3\"><div class=\"items-center justify-start rounded-xl p-1 flex\"><div class=\"flex items-center\"><button class=\"rounded-lg text-token-text-secondary hover:bg-token-main-surface-secondary\"><\/button><button class=\"rounded-lg text-token-text-secondary hover:bg-token-main-surface-secondary\"><\/button><div class=\"flex\">\u00a0<\/div><div class=\"flex items-center pb-0.5 juice:pb-0\"><div class=\"[&amp;_svg]:h-full [&amp;_svg]:w-full icon-md h-4 w-4\">\u00a0<\/div><\/div><\/div><\/div><\/div>\t<\/div>\n<\/div>\n<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24bde72 elementor-widget elementor-widget-button\" data-id=\"24bde72\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-lg\" href=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2022\/07\/IDBGAMMAper-sito.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Press area<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-b7c562d\" data-id=\"b7c562d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-19ef061\" data-id=\"19ef061\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c3ee060 elementor-widget elementor-widget-text-editor\" data-id=\"c3ee060\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Partners of<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9da4fe3 elementor-widget elementor-widget-spacer\" data-id=\"9da4fe3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b4deea elementor-widget elementor-widget-image\" data-id=\"8b4deea\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.gammarr.com\/it\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"257\" height=\"87\" src=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2022\/12\/LogoCIDE.gif\" class=\"attachment-medium_large size-medium_large wp-image-13716\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2f737f elementor-widget elementor-widget-text-editor\" data-id=\"b2f737f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>they sold a share of the capital to<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b9b720 elementor-widget elementor-widget-image\" data-id=\"3b9b720\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.italiandesignbrands.com\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2022\/12\/LogoPiccini-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail wp-image-13717\" alt=\"\" srcset=\"https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2022\/12\/LogoPiccini-150x150.jpg 150w, https:\/\/www.bertoncellobpa.it\/wp-content\/uploads\/2022\/12\/LogoPiccini.jpg 250w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0057776 elementor-widget elementor-widget-text-editor\" data-id=\"0057776\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Year: December 2022<\/p><p>Role: Sell-side financial advisor<\/p><p>Industry: Food &amp; Wine<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92a9a8c elementor-widget elementor-widget-valiance_core_accordion\" data-id=\"92a9a8c\" data-element_type=\"widget\" data-widget_type=\"valiance_core_accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"qodef-shortcode qodef-m  qodef-accordion clear  qodef-behavior--toggle qodef-layout--simple\">\n\t<h5 class=\"qodef-accordion-title\">\n\t<span class=\"qodef-tab-title\">Vinicola CIDE S.r.l. joins the Piccini Group, consolidating a relationship of over a decade<\/span>\n\t<span class=\"qodef-accordion-mark\">\n\t\t<span class=\"qodef-icon--plus\">+<\/span>\n\t\t<span class=\"qodef-icon--minus\">-<\/span>\n\t<\/span>\n<\/h5>\n<div class=\"qodef-accordion-content\">\n\t<div class=\"qodef-accordion-content-inner\">\n\t\t<p>According to the agreement, the Dall\u2019Armellina family, founders of Vinicola CIDE S.r.l., will remain shareholders and an integral part of the governance. The operation allows the two entities to merge complementary visions and create a nationally and internationally significant entity known for its iconic products widely recognized and appreciated worldwide.<\/p><p>Tenute Piccini S.p.A., headquartered in Castellina in Chianti, since 1882 has offered the most original and diverse expressions of Italian wine culture and tradition, with a history spanning four generations dedicated to the passion and culture of wine. Producing 30 million bottles annually, Piccini wines grace tables in over 80 countries worldwide.<\/p><p>Vinicola CIDE S.r.l., located in the heart of the Prosecco region, boasts over 40 years of experience in purchasing, processing, and bottling still, sparkling, and sparkling wines, specializing particularly in Prosecco, a wine whose consumption and appreciation worldwide are steadily increasing. With a specific focus on large-scale retail, Vinicola CIDE S.r.l. is one of the leading bottlers in the region, producing over 13 million bottles annually with an export share exceeding 70%, facilitated in part by Vinicola CIDE GmbH in Germany, also now part of the Piccini Group.<\/p><p>Dr. Carlo Bertoncello of Bertoncello Business &amp; Private Advisor, as financial advisor, and Studio Belloni, with partner Avv. Piero Belloni Peresutti, handling legal aspects, assisted the selling shareholders of Vinicola CIDE S.r.l.<\/p><p>Dr. Marco Camerini of Studio Camerini Rodriguez, as financial advisor, and Laroma Jezzi &amp; Partners \u2013 Studio Legale, with Avv. Philip Laroma Jezzi and Leonardo Amadori as legal advisors, assisted Tenute Piccini S.p.A.<\/p>\t<\/div>\n<\/div>\n<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d356ad elementor-widget elementor-widget-button\" data-id=\"1d356ad\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-size-lg\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Press area<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>M&#038;A transactions The Firm provides comprehensive support to clients in both Sell Side and Buy Side M&amp;A transactions. Sell Side Several factors have contributed to the increasing frequency of M&amp;A transactions today, including high market liquidity, the lack or impossibility of generational succession, and the desire of business owners to pursue new opportunities. In particular, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":14091,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-14095","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.bertoncellobpa.it\/en\/wp-json\/wp\/v2\/pages\/14095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bertoncellobpa.it\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bertoncellobpa.it\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bertoncellobpa.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bertoncellobpa.it\/en\/wp-json\/wp\/v2\/comments?post=14095"}],"version-history":[{"count":48,"href":"https:\/\/www.bertoncellobpa.it\/en\/wp-json\/wp\/v2\/pages\/14095\/revisions"}],"predecessor-version":[{"id":14886,"href":"https:\/\/www.bertoncellobpa.it\/en\/wp-json\/wp\/v2\/pages\/14095\/revisions\/14886"}],"up":[{"embeddable":true,"href":"https:\/\/www.bertoncellobpa.it\/en\/wp-json\/wp\/v2\/pages\/14091"}],"wp:attachment":[{"href":"https:\/\/www.bertoncellobpa.it\/en\/wp-json\/wp\/v2\/media?parent=14095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}