Nexans S.A. (ENXTPA:NEX) signed an agreement to acquire La Triveneta Cavi s.p.a. on February 9, 2024. The transaction represents an acquisition multiple of 5.6x La Triveneta Cavi?s 2023 EBITDA pre-synergies and 4.6x post-synergies and will be high-single-digit accretive to earnings per share (EPS) from year one. Nexans? financing of the acquisition will have limited impact on leverage. For FY 2023, La Triveneta had a workforce of approximately 700 people and generated current revenues of more than ?800 million. Closing of the transaction is subject to regulatory approvals and satisfaction of other customary closing conditions. As of February 15, 2024, the transaction is expected to be completed in June 2024. The transaction will be financed through debt.

The internal legal team of Nexans that followed the operation was led by the Group General Counsel Antonino Cusimano and coordinated with the Legal Manager Doormila Seebaluck. Stefano Valerio and Amélie Gillet as equity partner, Luigi Arturo Bianchi for the corporate governance aspect Stefano Grassani for the antitrust aspects, Filippo Arena for the administrative profiles act as advisor for Gatti Pavesi Bianchi Studio Legale Associato. Alessandro Giovannelli, Lilia Montella , Matteo Bruni and Filippo Noci from Giovannelli e Associati act as legal advisor for La Triveneta Cavi s.p.a. Antonio Albarello , Alberto Albarello and Patrizia Spazzini from Studio Legale Albarello, Spazzini e Associati act as legal advisor for La Triveneta Cavi s.p.a.