Categoria: PRESS RELEASE

Alto Partners SGR, as the asset management company of the reserved mutual investment fund called “Alto Capital V,” has acquired, through a leveraged buy-out (LBO) operation, a representative share of 100% of the share capital of Lario Plast S.r.l., a company specializing in the production and trade of HDPE and PET bottles in Italy. The operation also involved the investment by the previous shareholders of the target company in the acquiring corporate vehicle.

The seller was assisted by Ughi e Nunziante, with a team composed of Partner Amon Airoldi and Associate Deniz Ali Asghari Kivage.

Assisting the buyer was Molinari Agostinelli, with a multidisciplinary team composed of Partner Ciro Di Palma, Associate Michela Maresca, and Trainee Gian Luca Marchi, as well as Partner Andrea Taurozzi and Associate Alessandro Pallavicini for acquisition finance aspects.

Belluzzo International Partners, with a team composed of Partner Lorena Pellissier and Trainee Maria Grazia Pelizzoni, handled the tax due diligence for the buyer.

Aldocalza – an employment and labour law firm, led by Partner Aldo Calza and composed of Lawyers Filippo Savini Nicci and Sara Sansaro, conducted the employment law due diligence for the buyer.

For accounting and fiscal profiles, the seller was assisted by Studio Professionale Noseda Terrenghi, led by Partner Giovanni Terrenghi.

Proactiva acted as financial advisor for Lario Plast, with a team led by Founding Partner Gianluca Beffa and M&A Specialist Paolo Villa.

BNL BNP Paribas, in its role as financing bank, was represented by Fulvio Egidi (Head of Structured Finance), Luca Giordano (Senior Banker Financial Sponsor), and Alessandro Belluzzi and William Aruanno (LBO). The bank was assisted by Dentons, with Partner Alessandro Fosco Fagotto, Managing Counsel Edoardo Galeotti, and Associate Giorgio Peli.

Milan, 2 March 2023 – Last February 28 in Valencia, Spain, the return of the work of art that was stolen in 1979 from the church of San Miguel de los Reyes and that, thanks to Interpol, was found in the possession of an Italian citizen who claimed its purchase by adverse possession, was officially presented to the public. The work of art is now back in Valencia where it will be exhibited at the City Museum after some restoration work due to the damages suffered at the time of the theft.

Luigi Cascone, Partner of Ughi e Nunziante – Studio Legale, assisted the Municipality of Valencia in the long-lasting civil litigation, which began in 2008 before the Court of La Spezia (Italy) to claim ownership of the painting and ended in 2021 with the rejection by the Court of Appeal of Genoa of all the appeals filed by the other party to the ruling that in 2016 recognized the ownership of the painting to the Municipality of Valencia.

The judgment was then followed by the release phase from the criminal court, which concluded last Friday with the painting’s return to its city of origin. Also in this last phase, the Municipality of Valencia was supported by Ughi and Nunziante with a team composed, in addition to Luigi Cascone, of Counsels Carlo Delle Piane and Carmen Oriani and Associate Flavio Rodi.

Ughi e Nunziante assisted, for the Italian law profiles, the law firm King & Spalding LLP in the international arbitration brought against the Italian State by the British company Rockhopper Exploration Plc, listed on the London Stock Exchange (AIM), and its subsidiaries Rockhopper Mediterranean Ltd and Rockhopper Italia S.p.A.

The arbitration, which began in April 2017 and was conducted at the International Center for the Settlement of the Investment Disputes (ICSID), ended with the Arbitral Tribunal (composed of Klaus Reichert – Chairman, Charles Poncet, and Prof. Pierre-Marie Dupuy) fully accepting the Claimants’ claims. Specifically, the Tribunal found that the Italian State had violated the international Energy Charter Treaty regarding the protection of foreign investments and ordered it to pay total compensation of 190 million euros plus interest. The damages claimed by the plaintiffs included the costs they incurred in connection with the offshore hydrocarbon production project in the Adriatic Sea off the coast of Abruzzo (known as “Ombrina Mare”) and the lost profits resulting from the cancellation of the project.

King & Spalding professionals representing the plaintiff companies were partners Thomas K. Sprange and Benjamin (Ben) Williams, with associates Flora Jones and Kateryna Frolova from the London office, and partner Viren Mascarenhas from the New York office.

Ughi and Nunziante’s team consisted of managing partner Roberto Leccese, together with partner Luigi Cascone, for international procedural profiles, and partner Andrea Marega and senior associate Giorgia Diotallevi, for administrative law aspects.

The full press review is available here.

Ughi e Nunziante, with a team composed of Partner Filippo Mazza and Associate Chiara Puma, assisted the shareholders of InnovatesApp, a company active in assisting firms in the digital transformation of processes, providing consultancy, implementation and application migration services, and in the management of infrastructures, data and analytics, in the acquisition transaction by DGS (HIG Capital).

On behalf of InnovatesApp’s shareholders, TCFCT – an associated corporate and tax consultancy firm – and Mama Advisory were also involved. Maurizio Russo, who remained shareholder and CEO of Innovatesapp, was assisted on the new deal with DGS by Claudio Mecozzi, Name Partner of Melex law firm.