Apax with Legance to acquire Lutech – Top Legal
Legance advised Apax Partners for the Italian law profiles connected with the acquisition of Lutech, a group from Cologno Monzese (Milan) among the main Italian providers of lt services and solutions, in the context of the competitive sale procedure initiated by Lutech’s current controlling partner, One Equity Partners, assisted by Freshfields Bruckhaus Deringer. The operation, as reported by the financial press, is valued at 500 million euros.
PwC Tls advised Apax Partners on tax aspects. Di Tanno Associati advised Apax Partners on the tax profiles of the investment structure and acquisition contract. Among the sellers, the minority shareholder Cdm lnnovation Group was assisted by Avvocatidiefresa.
Lutech, in a statement, explains that Apax funds, in collaboration with Lutech’s management team, will advance the company’s growth path, both organic and through acquisitions, focusing on expanding key value drivers, such as the supply of digitai services, while also accelerating M&A’s strategy.
The Legance team was led by senior partner Filippo Troisi, assisted by Laura Li Donni, Stefano Bandini, Valeria Fiormonti, Carolina Bruno and Eleonora Furio for M&A profiles, by Emiliano Torresan and Maria Grazia Limone for labor profiles, by Tommaso Bernasconi, Alessia Solofrano, Federico Liberali and Giulia Lauria for finance profiles, by Monica Riva and Gabriella Rubino for lp and lt profiles, as well as by Andrea Fedi, Lucio Scudiero, Francesca Ferrari and Valerio Mosca for the privacy and golden power aspects.
PwC Tls assisted Apax with buy-side due diligence and tax structure with a team coordinated by partner Francesco Nuzzolo and composed of directors Giovanni Falsitta and Caterina Innamorato and senior associate Margareth Del Papato.
A team led by partner Fabio Brunelli acted for Di Tanno, assisted by partner Marco Sandoli, senior associate Carlo Curti and associate Edoardo Diotallevi.
The Freshfields team was led by partner Nicola Asti and senior associates Luca Sponziello, assisted by Veronica Ferro, Francesco Barcellini, and Andrea Firmano for corporate aspects; partner Francesco Lombardo, Andrea Giaretta, and Luigia Trento for finance aspects; counsel Nicola Franceschina, Alessandro Gnoato, and Fabrizio Fato for real estate aspects; Federico Mercuri and Bianca Nuvolari for compilation profiles; Lorenzo Fusco, Maria Vittoria dello Ioio and Matteo Tolla for labor law; Stefania Guarino and Davide Guadagnino for administrative law.
Cdm lnnovation Group was assisted by Avvocatidiimpresa with partners Alberto Calvi di Coenzo and Rosanna Frischetto.
The lt, lp and data protection aspects were instead handled by the Gr Legal study, with partner Luca Giove, assisted by Andrea Comelli and Francesca Benetello.
Legance joined Apax in the sale of Sisal to CVC in 2016.
Freshfields joined One Equity Partner in 2020 in Techedge’s 100% takeover bid.