Global menu

Our global pages

Close

Eversheds Sutherland Italy has assisted ITAGO SGR S.p.A.

  • Italy
  • General

28-07-2021

PRESS RELEASE

Milan, 25th May 2021 - Eversheds Sutherland, with a team led by the partner Alessandro Vischi, the associate Giovanni Battista Annicetti and the junior associate Francesca Sergiano (for the corporate and shareholders' aspects) and the partner Valentina Pomares and the associate Giulia Basso (for the labour aspects), assisted ITAGO SGR S.p.A., on behalf of the closed-end investment fund Itago IV, in the structuring, documentation and complete execution of the investment transaction, through leverage finance, and acquisition of a majority stake in the Italian based company Teknoice S.r.l., leader in the Italian market and third worldwide player in the production of industrial ice cream machines. The financing aspects of the acquisition of Teknoice were followed by the counsel Daniela Viaggio, assisted by the junior associate Antonio Muscarà.

The leveraged buy-out transaction included an innovative green leverage formula, which sets precise targets for the company related to the construction of sustainable CO2-based plants.

This transaction strengthens the presence of ITAGO in the food industry.

With a turnover of 23 million Euros and sales in all continents, Teknoice is an expression of the best Italian technology in the world of ice cream production. The company, based in Buccinasco (Milan), has been involved in technological and environmental breakthroughs by offering customers complete lines with CO2-based refrigeration technology, a solution that results in zero emissions, combined with energy savings, high productivity as well as ice cream quality.

Valentina Pomares, Executive Partner (International)
Alessandro Vischi, Partner
Daniela Viaggio, Partner
Giulia Basso, Associate
Giovanni Battista Annicetti, Associate

This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

< Go back

Print Friendly and PDF

© Eversheds Sutherland 2023. All rights reserved. Eversheds Sutherland is a global provider of legal and other services operating through various separate and distinct legal entities.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.