New lateral for Ughi e Nunziante’s Rome office: Guido Palombi enters

Milan, Feb. 1, 2024 – Ughi e Nunziante – Studio Legale scores a new lateral and welcomes Partner Guido Palombi to the Rome office.

Lawyer Palombi’s entry into the Rome office adds to the recently announced addition of five partners at the Milan and Verona offices.

Palombi counts major industrial and financial players among his clients and focuses on corporate/M&A, commercial contracts and privacy.

Previously, Palombi worked at NCTM and Salonia e Associati, a boutique firm specializing in employment law, where he served as head of the corporate/M&A and privacy department, assisting domestic and international clients in significant extraordinary transactions.

Ughi e Nunziante for the birth of Topic, a new player in the publishing sector

Ughi e Nunziante – Studio Legale has assisted the promoting partners in the incorporation, the related financing transaction, and the definition of the shareholders’ and commercial relationships of the new publishing house Topic, a publishing project promoted by Marco Bolasco, journalist and editorial director, and Giunti Editore.

The transaction is part of a project for the production of editorial and educational content on material culture and the food and wine sector.

In detail, the legal and corporate profiles were handled by the firm Ughi e Nunziante, with Partner Gianfranco Arpea.

The tax profiles were handled by Colella Scoyni La Barbera Studio Tributario Associato, with Partner Manfredi La Barbera.

Ughi e Nunziante integrates a team of eleven professionals and expands its presence in the North-East

Ughi e Nunziante – Studio Legale is pleased to announce the addition of a team of eleven professionals, including five partners.

With this lateral, the Firm continues and consolidates its growth in the practice areas of M&A, Labour, Restructuring and Tax, and creates a stable presence in the North-East, with the opening of a new office in Verona.

Joining the Milan office are partners Pietro OrzalesiMarco Lanzani and Barbara Pizzoni, together with senior associates Agostino Frau and Filippo Bodo, and associates Federico Catalfamo and Cecilia Pozzetti.

Leading the Verona office will be partners Simone Rossi and Giacomo Bonfante, who have always been active in Veneto. Joining them in Ughi e Nunziante are associates Maria Giulia Sperotto and Giacomo Rossetti.

The managing partner of Ughi e Nunziante, Roberto Leccese, said: ‘We enthusiastically welcome Pietro, Marco, Barbara, Simone, Giacomo and all the new professionals joining our team. We immediately found in them an uncommon harmony and homogeneity, in terms of background, values and vision, ideal for sharing and achieving ambitious goals. Their expertise, combined with their knowledge of the needs of the different markets in which they operate, will contribute significantly to the success of this phase of further development, to confirm us one step ahead of the demands of our clients and the market‘.

With this operation, the number of partners of Ughi e Nunziante rises to 27, with a total number of over eighty professionals.

 

Profiles:

Pietro Orzalesi has extensive experience in M&A, particularly in transnational transactions between France and Italy. Together with his team, he will strengthen the Corporate M&A practice and will be particularly involved in the French Desk.

Marco Lanzani is known for his ability to handle complex labour issues, often related to extraordinary transactions. His expertise extends to personnel organisation, business transfers, outsourcing and the management of industrial and labour relations. With her team she will strengthen the labour law practice.

Barbara Pizzoni will bring to the Lombardy office her expertise and experience in domestic and international taxation and in assisting companies and funds in complex tax audits and tax litigation.

Simone Rossi and Giacomo Bonfante will be in charge of the Verona office and, consistently with their professional background, will continue to assist financial institutions and industrial companies – with a particular focus on family-based ones – in debt restructuring and crisis management, as well as in financing, corporate governance, mergers and acquisitions.

Ughi e Nunziante with Consilium in the sale of GMM to Biesse

The Biesse Group, a Marche-based multinational specialising in technology for processing wood, glass, stone, plastic and metal, listed on the Euronext STAR Milan segment of the Italian Stock Exchange, has signed a contract for the acquisition of 100% of the shares of GMM Finance, the holding company at the head of the GMM Group, which includes, among others, the companies GMM S.p.A., Bavelloni S.p.A. and Techni Waterjet Ltd., as well as their respective Italian and foreign subsidiaries, which are active in the sectors of machine tools for processing stone, glass and other materials.
The GMM Group is established in 90 countries, operates six production plants in Italy and one in Thailand, and employs over 450 people. This is one of the most significant transactions in the history of the Biesse Group. The transaction is expected to close by 15 February 2024 and is subject to the fulfilment of certain conditions precedent in line with normal market practice for this type of transaction.

The selling shareholders are Consilium Private Equity Fund III (managed by Consilium SGR p.A.) with 75% and FGL Holding (of the founding shareholders) with 25%. The transaction, which is in line with Biesse’s strategic plan, aimed at growth also through external lines, will increase the portfolio generated by machinery for processing stone, glass and other materials by integrating the company’s technologies in these specific segments.

The Sellers were assisted in the legal aspects by Ughi e Nunziante with a team coordinated by partner Amon Airoldi, senior associates Deniz Kivage and Pietro Pastorello and trainee Francesco Antimiani, and by Russo De Rosa Associati with a team coordinated by associates Leo De Rosa and Alessandro Manias and comprising Niccolò Cappellini and Concetta Letizia Scimè for the tax profiles.

Ughi e Nunziante for Partech Venture’s round in Smartpricing

Ughi e Nunziante, with a team composed of partners Antonello Lupo and Amon Airoldi and associate Alessandro Corbò, assisted Smartpricing, a platform that exploits artificial intelligence to automate the pricing strategies of operators in the hospitality sector, in the €13 million Series A investment round by Partech Venture.

This is Partech’s first investment in Italy, and the round saw the participation of Techshop with Gianluca D’Agostino (lead investor of the seed round in 2022), Azimut Digitech Fund with the help of FNDX. The founders of Bending Spoons also joined the round.

Ughi e Nunziante with Equasens for the acquisition of ADV

Ughi e Nunziante Studio Legale, assisted Equasens Group, a leading healthcare software publisher, listed on Euronext Paris (Compartment – A) in the acquisition – in partnership with ARZ Haan – of the entire share capital of the German company ADV. Following the transaction, ADV become PHARMAGEST Germany through a holding-company 94%-held by Equasens and 6%-held by ARZ Haan.

This operation marks a significant milestone in Equasens’ growth strategy, as the company was already present in Germany through its subsidiary MultiMeds, focusing on medication compliance.

Ughi e Nunziante was appointed by Equasens for managing the ADV acquisition-related aspects and the joint venture agreement with ARZ Haan, with a team comprising Partner Amon Airoldi and Associate Pietro Pastorello. The firm also collaborated with Wuertenberger for legal due diligence and German law aspects, represented by Partner Marc Winstel, and with Mundhenke & Partner for tax due diligence, led by Partners Thomas Habermann and Gunnar Goldenbaum.

Equasens also sought legal assistance from Martini Manna Avvocati, represented by Partner Rocco Lanzavecchia, for intellectual property and information technology matters.

Lawyers in the field to handle whistleblowing reports – Federico Torzo interviewed by Il Sole 24 Ore

An interesting in-depth analysis by Massimiliano Carbonaro was published on Il Sole 24 Ore on whistleblowing and the obligation to adopt a system for reporting offences, which from next December 17 will extend also to private companies with at least 50 employees.

Whistleblowing has opened a new market for law firms, especially when it comes to handle the reports.

Federico Torzo was among those interviewed and explained that “for us lawyers a consulting space could open up for internal investigations. It is a delicate procedure that most of the time consists of analyzing documentation and conducting interviews with the people involved, maintaining the anonymity of both the whistleblower and the reported person.

The full article is available here.

Gender Equality certification: regulatory evolution and new Public Contracts Code – an article by Carlotta Carta and Beatrice Gallucci

On NT Plus Diritto, an article by our authors Carlotta Carta and Beatrice Gallucci on Gender Equality Certification, introduced in Italy through Law No. 162 of November 5, 2021.

This Certification, available to companies eager to concretely adopt virtuous models, attests to the measures taken to reduce the gender gap within the same company.

In accordance with Mission 5, Investment 1.3 of the National Recovery and Resilience Plan (PNRR), the goal of this new institution is to encourage companies to implement policies suitable for reducing the gender gap in all areas that have the most critical issues.

To learn more, the full article is available here.

Minimum salary, experts: “Pitfalls even in collective bargaining” – Federico Torzo interviewed by AdnKronos

Adnkronos conducted an investigation into the minimum wage in Italy and the absence of a national discipline.
This instability leads to a continuous bouncing of the issue from the field of judicial authority to that of the unions, with the effect of generating uncertainty and wage paradoxes.

Federico Torzo, interviewed on the issue recalls that “the Lombardy Regional Administrative Court (Tar Lombardia) ruled on the revocation of a Labor Inspectorate report (…). According to the Court, it is the most representative National Collective Bargaining Agreement (NCBA), namely that of private security, that determines the parameter of proportionality and sufficiency of pay. From the judiciary, the ball is therefore back in the court of the unions and the government.

The full article is available here.

KKR agrees to give Italian government stake in Telecom Italia – Filippo Mazza interviewed by Global Competition Review

As known, in mid-August, the Italian Government preliminarily agreed with KKR to acquire up to 20% of Telecom Italia’s landline network, in anticipation of a final proposal from the US private equity firm.

This agreement, following two years of negotiations, aims to retain strategic control in the event of a sale to KKR but still requires approval under Italy’s “golden power” laws. On this topic, Global Competition Review interviewed our partner Filippo Mazza.

Subscribers can read the full article here