Italgel acquires 100% of Protein : advisors

Italgel, a company active in the production of gelatine and collagen, controlled by the BU private equity fund, has acquired 100% of the shares of Protein, a Spanish producer specialized in collagen.

With this acquisition, carried out in collaboration with the Vezza family, founder of Italgel, the group reaches 150 million turnover and aims to strengthen its position in the sale and distribution of collagen-based products.

Image: Guillermo Canalejo (Uría partner), Fernando de las Cuevas and Rafael Aguilera (GA_P partners), Ignacio González (Simmons & Simmons counsel) and Germán Domínguez Ballart (Cuatrecasas partner).

Spanish advisors

Uría Menéndez handled the tax profiles under Spanish law with partner Guillermo Canalejo and associate María González Cuervo.

Gómez-Acebo y Pombo advised Italgel on Spanish law aspects with a team led by partner Fernando de las Cuevas and comprising Clara Rivero Sans (senior associate) and Laura Roda Romero (associate) on corporate aspects, as well as partner Rafael Aguilera and Carlos de la Luna (senior associate) on financial aspects.

Simmons & Simmons assisted the financial institutions with an italian team and counsel Ignacio González, supervising associate David Gómez Cubillo and Carmen Gordo for the Spanish law aspects.

Cuatrecasas acted as counsel to the sellers with a team comprising partner Germán Domínguez Ballart and associate Carles Camacho.

Italian advisors

PedersoliGattai assisted Italgel, on the Italian law aspects, with a multidisciplinary team led, for corporate M&A profiles, by partner Carlo Re and composed of salaried partner Stefano Milanesi and associates Bianca Maria Scarabelli and Benedetta Ottella. In the financing supporting the acquisition, the firm was assisted by partner Maura Magioncalda, salaried partner Consuelo Citterio and associate Tommaso Scamporrini.

Legance handled the Italian tax aspects of the structure and financing of the transaction, with a team led by partner Andrea Silvestri and comprising counsel Paolo Ronca and Luigi Quaratino and senior associate Michele Barcellona.

Simmons & Simmons assisted the financial institutions with a team comprising partner Davide D’Affronto, managing associate Maria Ilaria Griffo and associate Alessandra Belmonte for the financial profiles, partner Marco Palanca and associate Giulia Aglialoro for the tax profiles.

Studio Gitti and Partners advised Finvezza, the vehicle of the Vezza family, founder of Italgel, on legal aspects with a team led by managing partner Gregorio Gitti and composed of partners Cristina Cavedon and Daniele Cusumano and associate Claudia Cioffi.

The firm ZNR notai handled the Italian notarial aspects of the transaction with Prof. Mario Notari, Notary Susanna Schneider and Avv. Alessandro Franzini.

Julia Gil