H.I.G. Europe’s Acquisition Of Majority Interest In Berardi Bullonerie S.r.l.

H.I.G. Europe was supported by Pavia and Ansaldo, by Studio Spada Partners, by PwC and Orrick. The Berardi family was assisted by BLF Studio Legale, Vitale and Co., Studio Romani Gambini Cenni Menetti and by Deloitte. Dentons and Ashurst joined the lenders.

H.I.G. Europe, led in Italy by Raffaele Legnani and with a team made up of Giovanni Guglielmi, Gian Matteo Franzoia and Giovanni Cabassi, has completed, through a buy out operation, the acquisition from the Berardi family of a controlling interest in the parent group to Berardi Bullonerie Srl, a leading operator in the Italian market for the distribution of fastening elements and the supply of integrated logistics services.

Since its foundation in 1919, the Berardi Group has been the reference partner for Italian industrial companies for the just-in-time supply of standard and custom fasteners, and, more recently, for the design and implementation of integrated logistics programs. with kanban system.

All corporate and M&A aspects of the transaction were handled, on behalf of the buyer, by the Pavia e Ansaldo law firm with a team coordinated by partner Alberto Bianco and formed by Martina Villa, Erica Lepore, Martina Bosi, Giulio Nobile and Biancamaria Veronese as well as by the partner Valentina Simonelli with Giulia Duso and Rosie Schifino, for the labor law aspects, and by the partner Filippo Fioretti with Maria Rosaria Raspanti for the antitrust aspects.

Studio Spada Partners, with a team formed by partner Guido Sazbon and senior associate Francesco Podagrosi, on behalf of the buyer, oversaw the drafting of the transaction structure memorandum.

The financial and fiscal aspects of the transaction were followed by a PwC team consisting of Emanuela Petteno ‘and Giorgio Gorla (PwC Deals) and Marco Vozzi and Serena Scalabrini (PwC TLS).

Studio Orrick followed, on behalf of the buyer, all the banking profiles of the operation with a team led by partner Marina Balzano and composed of senior associate Giulio Asquini and Valentina Bombino, assisted by the special counsel Giovanni Leoni for tax profiles.

Lincoln International, with a team consisting of Daniele Candiani, Matteo Cupello and Giorgio Raimondi, assisted the buyer as debt advisor.

The Berardi family, which maintains a minority stake in the group and reinvests alongside HIG, was assisted by BLF Studio Legale, with a team coordinated by partners Roberto Ludergnani and Andrea Corbelli and by Francesco Ludergnani, for legal aspects, by Vitale and Co., with a team coordinated by the partner Riccardo Martinelli and by the managing director Francesco Fornarelli, as financial advisor, by Studio Romani Gambini Cenni Menetti, with a team coordinated by the partner Massimo Gambini and composed of Matteo Cocchi and Laura Ladisa, for corporate and tax aspects, and by Deloitte Financial Advisory, with a team formed by the partner Tamara Laudisio and by the Director Vincenzo Depetro for the financial vendor due diligence.

The operation was financially supported by Equita, assisted by Dentons, with a team formed by the partner Alessandro Fosco Fagotto, by the managing counsel Edoardo Galeotti and by the associate Rosalba Pizzicato as well as by a pool of banks made up of Oldenburgische Landesbank Aktiengesellschaft, Banca Ifis SpA , Crédit Agricole Italia SpA and Deutsche Bank SpA, assisted by Ashurst, with a team led by partner Mario Lisanti and formed by: for the banking aspects of Italian law, the counsel Luca Chieffo, the associates Francesca Cioppi and Beatrice Melito, and the trainees Amedeo Bardelli and Aurora Pignalosa ; for the tax aspects of Italian law, the partner Michele Milanese and the trainee Simone Ferrucci; and, for the banking aspects under English law, the partner Ross Ollerhead and the senior associate Tamsin Crawford.

Involved fees earner: Amedeo Bardelli – Ashurst; Luca Maria Chieffo – Ashurst; Francesca Cioppi – Ashurst; Tamsin Crawford – Ashurst; Simone Ferrucci – Ashurst; Mario Lisanti – Ashurst; Beatrice Melito – Ashurst; Michele Milanese – Ashurst; Ross Ollerhead – Ashurst; Aurora Pignalosa – Ashurst; Andrea Corbelli – BLF Studio legale; Roberto Ludergnani – BLF Studio legale; Francesco Ludergnani – BLF Studio legale; Vincenzo Depetro – Deloitte Tax & Legal; Tamara Laudisio – Deloitte Tax & Legal; Alessandro Fosco Fagotto – Dentons; Edoardo Galeotti – Dentons; Rosalba Pizzicato – Dentons; Giulio Asquini – Orrick Herrington & Sutcliffe LLP; Marina Balzano – Orrick Herrington & Sutcliffe LLP; Valentina Bombino – Orrick Herrington & Sutcliffe LLP; Giovanni Leoni – Orrick Herrington & Sutcliffe LLP; Alberto Bianco – Pavia Ansaldo; Martina Bosi – Pavia Ansaldo; Giulia Duso – Pavia Ansaldo; Filippo Fioretti – Pavia Ansaldo; Erica Lepore – Pavia Ansaldo; Giulio Nobile – Pavia Ansaldo; Maria Rosaria Raspanti – Pavia Ansaldo; Rosie Schifino – Pavia Ansaldo; Valentina Simonelli – Pavia Ansaldo; Biancamaria Veronese – Pavia Ansaldo; Martina Villa – Pavia Ansaldo; Giorgio Gorla – PwC Tax & Legal; Emanuela Pettenò – PwC Tax & Legal; Serena Scalabrini – PwC Tax & Legal; Marco Vozzi – PwC Tax & Legal; Laura Ladisa – RG; Matteo Cocchi – RGCM – Romani Gambini Cenni Menetti; Massimo Gambini – RGCM – Romani Gambini Cenni Menetti; Francesco Podagrosi – Spada Partners; Guido Sazbon – Spada Partners;

Law Firms: Ashurst; BLF Studio legale; Deloitte Tax & Legal; Dentons; Orrick Herrington & Sutcliffe LLP; Pavia Ansaldo; PwC Tax & Legal; RG; RGCM – Romani Gambini Cenni Menetti; Spada Partners;

Clients: Banca IFIS; Berardi Giovanni; Crédit Agricole Italia; Deutsche Bank; Equita sim; Hig Europe; Oldenburgische Landesbank;

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Author: Michael Patrini