Alvarez & Marsal Capital Partners’s Acquisition Of Italian Surveillance Specialist La Patria Srl

Dickson Minto, Chiomenti, LED Taxand and Hi.Lex advised on the transaction.

Alvarez & Marsal Capital Partners (A&M) signed an agreement with Fondo Italiano di Investimento (FII), and PM & Partners SGR Spa for the acquisition of 100% stake in La Patria, a leading Italian alarm and security surveillance provider.

FII co-invested in La Patria together with PM&Partners SGR in 2012, acquiring the majority stake of the company. More specifically, the 100% of the share capital of La Patria includes the 32.4% stake held by FII (14.4% of which is held by NB Aurora), the stake held by the funds managed by PM&Partners SGR (32.4%) and the remaining stake held by the original industrial investors.

NB Aurora S.A. SICAF-RAIF, listed in Italy on the MIV – Professional Segment with the aim of investing in small and medium-sized unlisted companies, held a 44.55% stake in Fondo Italiano di Investimento.

The Group, founded in 1950 by the Colli family, now employs about 270 people and has over 13,000 customers. La Patria provides alarm and security surveillance services with high added value and advanced surveillance technology in Emilia Romagna and Lombardy.

Alvarez & Marsal Capital Partner was advised by Chiomenti as legal advisor and Led Taxand as tax advisor.

The sellers were assisted by Lazard as financial advisor, Hi.lex – Avvocati Associati as legal advisor and EY as accounting advisor (vendor due diligence).

Chiomenti assisted Alvarez & Marsal with a team composed by Filippo Modulo, Maria Pia Palma, Maria Vittoria Marchiolo and Edoardo Filippo Di Francesco for corporate M&A matters; Marco Paruzzolo, Andrea Martino and Claudia Visone acted on financial aspects, and Benedetto La Russa and Aglaia Albano assisted on debt capital market. Dickson Minto advised with a team led by Rebecca Ward for corporate M&A matters and Allan Fraser on financial law.

LED Taxand acted as tax advisor of Alvarez & Marsal on the deal with a team composed by Guido Arie Petraroli, Paolo Ruggiero, Francesco Cardone e Luca Galliani.

Hi.lex – Avvocati Associati advised the sellers and the management with a team led by Marco Carbonara, assisted by Teresa Grisotti and Elisabetta Pagone.

Involved fees earner: Aglaia Albano – Chiomenti; Edoardo Filippo Di Francesco – Chiomenti; Benedetto La Russa – Chiomenti; Maria Vittoria Marchiolo – Chiomenti; Andrea Martino – Chiomenti; Filippo Modulo – Chiomenti; Maria Pia Palma – Chiomenti; Marco Paruzzolo – Chiomenti; Claudia Visone – Chiomenti; Allan Fraser – Dickson Minto W.S.; Rebecca Ward – Dickson Minto W.S.; Marco Carbonara – Hi.Lex; Teresa Grisotti – Hi.Lex; Elisabetta Pagone – Hi.Lex; Francesco Cardone – LED Taxand; Luca Galliani – LED Taxand; Guido Arie Petraroli – LED Taxand; Paolo Ruggiero – LED Taxand;

Law Firms: Chiomenti; Dickson Minto W.S.; Hi.Lex; LED Taxand;

Clients: Alvarez & Marsal Capital Partners ; Fondo italiano d’investimento; La Patria S.r.l.; Pm & Partners;