Investindustrial VII L.P. fund managed by InvestIndustrial signed a purchase agreement to acquire 63.1% stake in La Doria S.p.A. (BIT:LD) from Ferraioli family for approximately ?320 million.

Investindustrial VII L.P. fund managed by InvestIndustrial signed a purchase agreement to acquire 63.1% stake in La Doria S.p.A. (BIT:LD) from Ferraioli family for approximately ?320 million on October 27, 2021. In accordance with the Agreement, the Closing is subject to obtaining, at the latest within 6 months from today, all of the legal authorizations and approvals necessary, including those authorizations required by the respective anti-trust authorities. On Closing, a new La Doria Board of Directors will take office, in view of the fact that the present board members have resigned - including the independent members in order to facilitate, at the request of the majority shareholders, a liquidity transaction to benefit the market - ahead of the closing, with the exception the Board member Michaela Castelli who has resigned with immediate effect. The deal is expected to be completed by end of January 2022. Chiomenti Studio Legale acted as legal advisor, Intesa Sanpaolo - IMI Corporate & Investment Banking acted as financial advisor to Investindustrial in the deal. Vitale&Co. S.P.A. acted a financial advisor, Giliberti Triscornia e Associati Studio Legale acted as legal advsior and Ernst & Young Services Limited acted as dude diligence provider to La Doria in the deal.