Giovannelli e Associatiassisted theAzelis Group, a global distributor of specialty chemicals and food ingredients with operations in 56 countries worldwide and revenues of €2.15 billion in 2019, in the acquisition of the entire share capital ofCame Chemical and Mineral Engineering, a company specialising in the distribution of basic chemicals for abrasives – typically used in the sintering and friction segments – and for various other sectors such as coatings, cosmetics, adhesives, sealants and elastomers.
The transaction, in line with Azelis' corporate strategy of integrating organic growth with strategic acquisitions, follows several significant acquisitions in recent years by the group in Italy, such as Ametech in 2016 and Deafarma in 2019. The acquisition of Came demonstrates the support provided by EQT since its acquisition of Azelis.
Giovannelli & Associati assisted Azelis in all legal aspects of the acquisition, with a team led by partnerNicoletta Carapella(pictured) and composed ofPaola Pagani,Lilia Montella, andClaudia Raimondifor corporate aspects,Riccardo Pontremolifor regulatory aspects related to the "golden power" notification, Giuseppe MatarazzoandMarco Calabròfor labor law aspects.
Crowe Bompaniassisted Azelis with the financial and tax aspects of the transaction, with a team composed ofAlessandro Ruina,David Stainer,Giorgio Solbiati, andValeria Squillario.
The sellers were assisted byAMTF Avvocatiwith a team led by partnerAlberto Crivelli, assisted by associateGiusy Cardinalefor corporate aspects and partnerPiercarlo Antonellifor labor law aspects.
Arkios Italy acted as financial advisor to the sellers, with a team comprising director Deborah Setola and associate Simone Lo Giudice.
Source: Legalcommunity
