Ughi e Nunziante with Celli Group in the acquisition of CAB

Milan, 8 February 2023 – Ughi e Nunziante – Studio Legale assisted Celli S.p.A., a portfolio company of the private equity firm Ardian and a global leader in the design and production of beverage dispensing equipment and accessories, in the strategic acquisition of CAB S.p.A.

CAB is a family-owned Italian excellence based in Pozzuoli (Naples), specializing in the design and production of slush machines, beverage refrigerators and hot beverage dispensers. With the acquisition, Celli Group will be able to expand its offer and finalize its goal of developing beverage dispensing systems as an alternative solution to single use packaging.

Ughi e Nunziante acted as legal advisor to Celli with a team led by Partner Amon Airoldi and Associates Deniz Kivage and Pietro Pastorello.

Quorum acted as legal advisor to the shareholders of CAB, with a team led by Partners Francesco Fiore and Paolo Comuzzi and Associate Mariagiusy Portogallo.

“Real Estate, the market is slowing down, but funds do not stop” – Andrea Ughi’s interview for ItaliaOggi’s thematic focus

Italia Oggi published an in-depth article by Antonio Ranalli on the Italian Real Estate market, which recorded a 20% increase in 2022 compared to the previous year.

The first nine months of 2022 were the main driver, raising 9.7 billion euros, against a sharply declining last quarter, partly due to the geopolitical situation that led to rising energy costs and interest rates.

According to Andrea Ughi, “The sector related to students accommodation is definitely on the rise, with an expected significant increase for the coming years. This trend reflects the progressive and constant growth in numbers of students enrolled at Italian universities. This is also due to Brexit, which has led to a reduction in the flow of students towards the United Kingdom, favoring a greater concentration of students in EU universities, among which those in many Italian cities have certainly come to the fore.

Last but not least, some regions allow these facilities, for a few months, to perform hostel functions, ensuring full occupancy of the structure all-year-round.

There is no slowdown in the office sector, and indeed market demand is always growing in the Milan market, which is increasingly managed by international real estate funds, both for development and marketing. As for the residential sector, there is a growing search for more space, which has led to the revitalization of less central areas, especially in large cities like Milan. This in turn is leading to major investments by market players in semi-peripheral areas (including build-to-rent transactions).”

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Federico Torzo of Ughi e Nunziante legal advisor to Sabato De Sarno in the transition to Gucci

Milan, 2 February 2023 – Federico Torzo, Partner in charge of the Employment and Labour Law department of Ughi e Nunziante – Studio Legale, assisted Sabato De Sarno in his transition from Valentino to Gucci.

 

“I am honored to have supported Sabato in reaching this important and well-deserved milestone. The beauty of doing advisory work in the luxury segment is the opportunity to see firsthand how much prestige, value and attention there is worldwide for those who are true ambassadors of Made in Italy, while measuring up to realities at the pinnacle of fairness and politeness”.

 

De Sarno joined the Florentine fashion house as Creative Director, after holding positions of increasing responsibility at leading Italian fashion houses.