Stevanato Group S.p.A. made a non-binding offer to acquire substantially all operations and assets of Balda AG (XTRA:BAD) for €80 million in cash on November 26, 2015. Stevanato has the right to submit a binding offer by December 14 2015, subject to due diligence and final contract documentation. Any binding offer by Stevanato will also depend on prior approval by the general meeting of Balda AG. A general meeting of the shareholders of Balda will be held on November 30, 2015. As of December 14, 2015, Stevanato submitted a binding offer to acquire substantially all operations and assets of Balda AG (XTRA:BAD) for €80 million in cash. As of January 29, 2016, Stevanato increased the purchase price to €95 million after that and finally won the bid. The transaction was approved by the shareholders of Balda. As of February 4, 2016, Balda accepted the takeover bid by Stevanato. Christian Cascante, Peter Steffen Carl, Urszula Nartowska, Karsten Kreiling, Stefan Lingemann, Andreas Neun, Moritz Holm-Hadulla and Matthias Werner of Gleiss Lutz and Fenwick & West LLP acted as legal advisors for Stevanato. Hengeler Mueller acted as legal advisor for Balda. Alvise Spinazzi of Spinazzi Azzarita Troi acted as legal advisor for Stevanato. Nicola Paini, Riccardo Rossi and Urs Koege of N M Rothschild acted as financial advisors to Stevanato.


Stevanato Group S.p.A. completed the acquisition of substantially all operations and assets of Balda AG (XTRA:BAD) on March 10, 2016.