In the transaction, Xnext and the company’s shareholders were assisted by the law firm Osborne Clarke, while Pavia e Ansaldo assisted Neva SGR.
Xnext?, an innovative Italian SME, leader in multi-energy X-ray inspection systems for real-time quality controls in industrial processes, has finalized the entry into its capital of the Neva First fund managed by Neva SGR – the venture capital of the Intesa Sanpaolo Group, 100% controlled by Intesa Sanpaolo Innovation Center, a Group company dedicated to innovation – through a capital increase of 5 million euros.
The fund’s investment is functional to the commercial and industrial development of Xnext?. It will also help fuel the constant research and development process of the proprietary and patented XSpectra? technology, which Xnext? has recently launched on the food-tech market, attracting strong interest not only in Italy.
Xnext and the shareholders of the company were assisted by the law firm Osborne Clarke, with the Partner Umberto Piattelli, the Senior Associate Stefano Panzini and the trainee Francesca Giammarino.
Pavia e Ansaldo, with partner Carlo Trucco and trainee Teresa Di Tella, assisted Neva SGR together with the legal team of IntesaSanpaolo’s Group General Counsel function coordinated by Massimiliano Canelli together with Pietro Stella.
The notary aspects of the operation were handled by notary Giovanni Ricci of the Notai Associati Ricci Radaelli Firm.