The Riverside Company’s Acquisition Of La Galvanina S.p.A.

Allen & Overy, Ernst & Young Advisory, BLF Studio Legale and PricewaterhouseCoopers Advisory S.p.A. advised on the deal.

The Riverside Company, a global private equity firm, has acquired La Galvanina S.p.A (Galvanina), a fourth generation, family-owned, Italian producer of premium private label and branded mineral water and traditional and organic soft drinks. Galvanina sells its products to a global customer base comprised of leading retailers, department stores and wholesalers in more than 35 countries, with the U.S., Italy and Canada representing its largest markets in 2018.

Galvanina has more than 70 years of experience in the large-scale production of premium branded and private label mineral water and soft drinks. The company is known for its healthy, high-quality, pure organic, “Made in Italy” products with a unique, cultural heritage – Galvanina’s mineral water properties were discovered by ancient Romans nearly 2,000 years ago.

The partnership with Galvanina is another example of how Riverside invests in the consumer products channel. Through its more than 200 employees on the ground in 20 international offices, Riverside has the connections to grow consumer product companies across its footprint.

Working with Langer and Álvarez-Nóvoa on the deal were Senior Operating Partner Fabio Pesiri, Senior Associate Michele Volpe and Tomasz Glowacki as Originator. Goldman Sachs Private Capital provided financing for the transaction.

A&O acted as legal advisor, and EY served as financial and tax DD provider and debt advisor for Riverside. Additionally, Alix Partners advised Riverside as a commercial and operational due diligence provider.

Allen & Overy advised Riverside with a team led by partner Giovanni Gazzaniga, assisted by associate Laura Ersettigh and trainee Nicolò Baruffi (Corporate e M&A), partner Fabian Beullekens and associate Matthieu Tourin. Partner Stefano Sennhauser, associate Marco Mazzola and trainee Arnaldo Mitola, counsel Frederic Demeulenaere, associate Evangeline Schumacher and trainee Anneena Kelay; partner Francesco Guelfi, senior associate Elia Ferdinando Clarizia and associate Simona Simone (tax); counsel Livio Bossotto and associate Claudio Chiarella (Employment).

Advising the Mini Family was BLF Studio Legale with partner Roberto Ludergnani and associate Giovanni Ludergnani, acting as legal advisor, Miranda Pironi as corporate, tax and accounting advisor and PWC acted as financial advisor.

Involved fees earner: Nicolò Baruffi – Allen & Overy; Fabian Beullekens – Allen & Overy; Livio Bossotto – Allen & Overy; Claudio Chiarella – Allen & Overy; Elia Ferdinando Clarizia – Allen & Overy; Frederic Demeulenaere – Allen & Overy; Laura Ersettigh – Allen & Overy; Giovanni Gazzaniga – Allen & Overy; Francesco Guelfi – Allen & Overy; Anneena Kelay – Allen & Overy; Marco Mazzola – Allen & Overy; Arnaldo Mitola – Allen & Overy; Evangeline Schumacher – Allen & Overy; Stefano Sennhauser – Allen & Overy; Simona Simone – Allen & Overy; Matthieu Tourin – Allen & Overy; Quirino Imbimbo – EY Law; Giovanni Pistillo – EY Law; Andrea Scialpi – EY Law; Francesco Serricchio – EY Law;

Law Firms: Allen & Overy; EY Law;

Clients: Riverside Company;