Bacciardi and Partners assisted the shareholders of Grosso Srl, specialized in the production of molds for footwear and supplier of prestigious brands in the high fashion sector, in the sale of 100% of their shares to Menghi Spa, leader in Italy in the production of EVA footwear for the luxury sector, owned by the private equity fund Lion Capital.
Bacciardi and Partners provided its legal assistance with a team led by the managing partner Lorenzo Bacciardi, LL.M. and composed of the senior associate Pier Federico Orciari and the junior associates Jordan Puzzo and Gianluca Bastianelli of Corporate Law Area.
The assistance consisted in the creation of the data room for the legal, tax and financial due diligence activities; in the negotiation of the sale and purchase agreement of the shareholding interest; in the agreement of reinvestment, by some selling shareholders, in the capital of Menghi Spa; in the negotiation of the shareholders’ agreements and in the definition of the managerial functions of the selling shareholders in the new company structure of Grosso Srl.
The transaction is the result of an add-on strategy conceived by the M&A advisor Dr. Marco Lazzaro of CF&S Advisors based in Milan, who assisted Grosso Srl for the strategic and financial aspects.
For the tax aspects, Grosso Srl was assisted by Studio Trapanese STP of Trapanese & Sebastianelli based in Ancona.
The law firm Pavia e Ansaldo provided assistance to the purchaser Menghi Spa and its majority shareholder Lion Capital, while PwC followed the tax and fiscal due diligence on the target company.