Bacciardi Partners assisted the Italian Holding Luciani & Co. S.r.l. in the sale of 100% of the ownership of the company Gruppo Meccaniche Luciani Srl to SP Plast Creating, a subsidiary of Minerva Hub.
Bacciardi Partners acted with a team composed of managing partner Lorenzo Bacciardi, LL.M., partner Pier Federico Orciari and junior associate Rebecca Milandri. The assistance covered the entire process of the transaction: from the letter of intent and preliminary contracts, to the negotiation and finalisation of the SPA (Share Purchase Agreement), to the definition of the contractual terms under which the selling shareholders will maintain managerial functions within Gruppo Meccaniche Luciani.
The transaction also involved:
- the financial advisor CF&S Advisors, with a team coordinated by managing partner and founder Marco Lazzaro, for the M&A strategy profiles;
- Gelmetti studio legale associato, with a team coordinated by partner Pierfrancesco Gelmetti and comprising associates Lorenzo Colletti, Dolores Mugherli and Margherita Audisio, for the legal assistance provided to Minerva Hub;
- the pool of banks comprising Credit Agricole Italia, Banco BPM, Banca Intesa, Banca Intesa, Unlimity Bank, Banca IFIS and Unicredit, with the legal assistance of the law firms Pavia and Ansaldo and Dentons, for the financing necessary for the acquisition;
- the firm Todeschini Bastrenta Notary Firm, with a team coordinated by notary Edmondo Todeschini, for the notarial aspects.
Gruppo Meccaniche Luciani is known as the ‘Ferrari of moulds’, boasting the production of a wide range of high-precision moulds for the fashion and luxury industries.
Minerva Hub is the parent company of the platform of Italian companies specialising in the supply of products, components and services for major international fashion and luxury brands, held by the Xenon Private Equity fund and Matteo Marzotto, as reference shareholders.
The entry of Gruppo Meccaniche Luciani into the Minerva Hub will enable both parties to increase their customer portfolio and their supply of sophisticated accessories for the fashion and luxury industry. They will also be able to count on the Lab-Luciani Advanced Branch research and development division, which uses the most advanced 3D printing technologies to create innovative prototypes for the made-in-Italy footwear sector.
Meccaniche Luciani Group’s craft workers will remain employed and the same selling shareholders will continue to be involved in the management of the company, in order to guarantee the continuity of the work and preserve the added value of the high Italian craftsmanship that Gruppo Meccaniche Luciani has integrated and expresses.
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