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Paul, Weiss advised Investindustrial on the financing and structuring aspects of its €812 million acquisition of a majority stake in PiovanGroup via public offer, including Investindustrial’s initial majority acquisition of the share capital of Piovan S.p.A. and subsequent launch of a majority tender offer in accordance with regulation by CONSOB, Italy’s securities market regulatory agency. The tender offer included total consideration of €225.7 million. PiovanGroup is a world leader in the development and production of industrial automation systems for the storage, conveyance and processing of polymers, plastic powders and food ingredients.

The Paul, Weiss team was led by corporate partners Neel Sachdev and Stefan Arnold-Soulby and included partners Matthew Merkle and Nicolò Ascione and tax partner Cian O’Connor and counsel Samir Kurani.