Global menu

Our global pages


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

  • Italy
  • General



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.

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