LawaL STA

The transaction will accelerate Telme's growth phase with the aim of creating a national hub for ice cream and pastry machines Milan, 29 October 2025 – Pirola Corporate Finance assisted Telme's shareholders in the sale to the F4 holding company, which is supported by Equity Factory and headed by the Faelli family, a historic family from the Lodi area active in the world of industry and engineering through the company Tecnim. The transaction is part of a new strategy to create an independent national player in the ice cream and pastry sector, capable of acting as a hub in a growing industry. Telme S.p.A. has been operating since 1987 in Codogno (LO) and is a leading manufacturer of medium-sized machines and complete lines for pastry shops, ice cream parlors, bars, restaurants, and hotels, also offering technical assistance and spare parts supply services. The company generates 85% of its turnover abroad, operating in over 80 countries through a widespread global sales network. Telme, which has always been attentive to customer needs and technical-industrial innovation, has recently developed a new range of soft yogurt machines, which is set to be one of its flagship products for the coming years. The company, which has around 40 employees, recorded a turnover of more than €11 million in 2024. F4 is the industrial holding company of the Faelli family, a historic entrepreneurial family from Lodi who founded Tecnim in 1982, a company specializing in the design, construction, and maintenance of industrial plants for the Oil & Gas, Power Generation, Chemical Plants, Iron & Steel Plants, Gas and Oil Pipelines, and Waste Treatment Plants sectors. Michele Bartyan, CEO of Telme and president of the national trade association Acomag (National Association of Manufacturers of Ice Cream Machines, Equipment, and Furnishings), comments: "We are very pleased with this transaction, which represents an important step in Telme's history. The entry of the Faelli family will further strengthen our ability to innovate and grow in international markets, while at the same time enhancing the skills and experience gained in almost forty years of activity. The prospect of contributing to the creation of an independent national hub in the ice cream and pastry sector is a source of great pride for us and an incentive to continue the technological and qualitative development that has always distinguished the Telme brand." Luca Faelli, Director of Tecnim and F4, commented on the transaction: "We are excited to become part of the history of Telme, a company that stands out for its innovation, quality, and strong international presence. This acquisition represents a strategic opportunity for us to enter the food sector, focusing on dynamic and growing segments such as ice cream and pastries. We share Telme's values of technological excellence and customer focus, and we are ready to make our industrial expertise available to support an ambitious project of growth and consolidation at the national level." Pirola Corporate Finance assisted Telme's shareholders in relation to the negotiation and commercial aspects and provided direct support in the preparation and coordination of due diligence activities with a team coordinated by Ludovico Mantovani (founding partner), Marco Gregorini (managing director), Andrea Ancarani (Associate Director), and Sabino Fortunato (Analyst). With this transaction, Pirola Corporate Finance confirms its specialization in the industrial automation sector, following transactions involving EMS, Turatti, ICF Welko, Teknoice, Pama, Escher Mixers, FBL, TMCI Padovan, Bondani, Frigomat, and Acmi. Bonelli Erede, with partner Monica Iacoviello and Francesca Peruzzi (Managing Associate), advised Telme's shareholders on the legal aspects of the transaction. Equity Factory, an M&A advisor based in Milan, assisted F4 in negotiating the transaction with its partner Guidalberto Gagliardi. The Accinni & Associati law firm, with partner Paola Cigolini and associate Francesca Protopapa, assisted F4 with legal due diligence and the preparation and negotiation of contracts for the transaction. LawaL Legal & Tax Advisory, with a team led by Partner Mauro Raffaghelli, assisted F4 Holding with the labor law aspects of the transaction, also performing labor due diligence for the buyers.

LawaL Legal & Tax Advisory assisted Arca Defence Italy SpA in the transaction Milan, October 7 – Arca Defence Italy SPA, the Italian subsidiary of the Turkish Arca Defence group, has completed the purchase of the business unit of Esplodenti Sabino SpA in a negotiated settlement of the crisis. Founded in Ankara in 2020, the ARCA Group operates in the defense sector, engaged in a wide range of activities such as military defense systems, arms and ammunition trade, management, production, training, and consulting in the defense sector. Based in Casalbordino in the province of Chieti, Esplodenti Sabino is a historic Italian company founded in 1972, specializing in the demilitarization of conventional ammunition and the recovery of materials from weapons. Esplodenti Sabino SPA, assisted by lawyer Sergio Della Rocca, began a process of negotiated settlement of the crisis, which led to the sale of the company to the Arca Defence group under the supervision of the settlement procedure expert Diego Bracciale and with the approval of the Court of Vasto presided over by Dr. Monteleone. Following the transaction, the approximately 65 employees of Esplodenti Sabino, after several periods of temporary layoffs, including under special provisions, will gradually return to their jobs thanks to the support of local institutions, particularly the Abruzzo region, as part of an overall operation that includes further investments in production sites planned by the Arca Defence group. LawaL Legal & Tax Advisory assisted Arca Defence with a team led by Managing Partner Piergiorgio Mancone and composed of Partner Giuseppe Massaro for the negotiation of the crisis aspects, Partner Alberto Picariello for tax aspects, and Partner Andrea Marziale for labor law aspects. The corporate and golden power aspects were handled by Piergiorgio Mancone with Senior Associate Luca Gobbi and Associate Emanuele Rizzuti. Sergio della Rocca and his team assisted Esplodenti Sabino S.p.A.. The President of Esplodenti Sabino Spa, Gianluca Salvatore, stated, "On behalf of myself and the entire company, I would like to express our deepest gratitude to all the workers who, during these difficult years, have always maintained a responsible and trusting attitude, and above all, our thoughts go out to those colleagues who are no longer with us. Transferring so many years of dedication and sense of duty to a solid group such as Arca is a source of great satisfaction, and we are confident that it will be a precursor to a relaunch of activities that is important both for the region and, with the importation into Italy of the culture of a prominent European entity, for the creation of a culture of safety in a complex sector such as explosives." The CEO of ARCA DEFENSE ITALY SpA, General Ciro Milano, also stated on behalf of the Arca Defence group that "fully aware of the great commitment required of myself and the entire Arca Defence Group, we will do everything necessary to continue the great tradition of Esplodenti Sabino S.p.A. in the area, doing everything possible to preserve and further implement the know-how of the workforce, which is the real added value of the acquisition. ARCA will make significant investments to start the new production activities as soon as possible in conditions of maximum safety for personnel. The hope is to have the workers and all the authorities involved at our side to minimize the time needed to resume activities."

Rome, 19 September 2025 – White Italia - a reserved Alternative Investment Fund (AIF) investing in majority stakes in companies providing social and healthcare assistance services as well as outpatient clinics and diagnostic laboratories - has completed the acquisition of the entire share capital of Unimed Group S.r.l. from Orizzonti Luminosi S.p.A. Unimed Group S.r.l. operates in the field of outpatient healthcare services and diagnostic imaging. LawaL Lergal & Tax advisory advised White Italy S.r.l., on the deal with a team led by Marco Pallucchini Wrede and including Emanuele Rizzuti. Legance advised Orizzonti Luminosi S.p.A. in negotiating the contractual documentation with a team led by partner Giandomenico Ciaramella, supported, for M&A matters, by senior counsel Giovanna Russo, senior associate Davide De Franco, and associate Nicola La Cesa. Enteleia, represented by Eng. Paolo Cacurri, took part in the transaction as sell-side M&A Advisor.

Milan, June 30th, 2025 - LawaL Legal & Tax Advisory announces the entry of Lawyer Giuseppe Speziale as a Partner, with responsibility for the Life Sciences & HealthCare Focus Area. With more than two decades of experience in the field, Giuseppe is a leading professional in the Life Sciences & Healthcare area, particularly in the Pharma, Biotech, MedTech, Medical Device, Nutraceutical and Cosmetics sectors. He assists companies and operators in highly regulated settings, advising on regulatory compliance, intellectual property, corporate transactions, distribution and clinical research. Throughout his career, he has also developed a strong expertise in commercial law and Venture Capital transactions, with a focus on innovative start-ups and new business models related to science and technology. He has held senior roles in both international law firms and corporations, including General Counsel and board member in a MedTech company, developing an integrated and strategic approach. "I am happy to join LawaL, a firm that values innovation and multidisciplinary thinking. Law, together with science and technology, can contribute concretely to the progress of society, especially in areas such as Life Sciences & HealthCare," said Giuseppe Speziale. Piergiorgio Mancone, Managing Partner of LawaL, commented, "Giuseppe's joining represents a strategic step for the firm, confirming our desire to strengthen the most innovative and high-complexity areas such as Life Sciences & HealthCare as well as our firm intention to support the innovation, research and health ecosystem with excellence and expertise." With his addition, LawaL further strengthens its position in the Life Sciences & Healthcare sector, confirming the firm's commitment to supporting the innovation, research, and healthcare ecosystem with excellence and expertise.

LawaL Legal & Tax Advisory and Giovannelli e Associati Studio Legale assisted the parties in the acquisition transaction Milan, 29 May 2025 - White Bridge Investments II, a private equity fund focused on Italian excellence, announces the acquisition – through its subsidiary Tenuta Ulisse S.r.l. - of the entire share capital of Cirelli La Collina Biologica S.r.l., an Abruzzo winery renowned for the production of organic wines and for its innovative approach to sustainable wine tourism. White Bridge was assisted in the operation by a team led by Partner Matteo Delucchi assisted by associates Francesca di Lorenzo, Giorgia Palmas and Marika Gentile for corporate aspects, by Santi Marco Calabrò for labor aspects. Cirelli La Collina Biologica S.r.l. was instead assisted in all legal aspects of the operation with a team led by Partner Piergiorgio Mancone and composed of Senior Associates Luca Gobbi and Francesco D’Imporzano and for tax aspects with a team led by Partner Alberto Picariello. Founded by Francesco Cirelli, the company has built a solid international reputation over time thanks to a production philosophy oriented towards quality, respect for nature and a unique wine tourism offer. With this operation, White Bridge aims to enhance and further grow the presence of Cirelli La Collina Biologica S.r.l. on foreign markets, while expanding the hospitality experiences already highly appreciated by visitors. White Bridge Investments II thus confirms its commitment to supporting quality Italian companies, with a strong sustainable vocation and an international vision.

Milan, 27 May 2025 - LawaL Legal & Tax Advisory Partners Paolo Comuzzi and Antonio Micalizzi have been appointed members of the Board of Auditors of the MultiMedica Onlus Foundation, together with President Piero Alberto Busnach. The appointment takes place as part of the path undertaken by the Foundation to assume the status of Third Sector Entity, pursuant to Legislative Decree 117/2017 ("Code of the Third Sector"), and with a view to registration in the Single National Register of the Third Sector (RUNTS). Founded in 2004, the MultiMedica Onlus Foundation pursues purposes of general interest, including the promotion of scientific research, professional and cultural training, and support for the return to Italy of Italian researchers working abroad. Its activities include organizing conferences and seminars, providing scholarships, promoting scientific collaborations with qualified scholars and institutions, and disseminating technical and scientific culture. LawaL Legal & Tax Advisory expresses pride in the recognition of the professional profile and experience of its partners Comuzzi and Micalizzi, who have been called to contribute to the growth and transformation of a reality committed to the development of research and scientific knowledge.  

Milan, 15 May 2025 - Roberto Gasparini, Partner of LawaL Legal & Tax Advisory, has been confirmed as Statutory Auditor, for the three-year period 2025 - 2027, of Merlett Tecnoplastic S.p.A., a company part of the Continental group active in the production of technical hoses in plastic materials. Merlett Tecnoplastic S.p.A. is an Italian company based in Daverio (VA), specializing in the production of technical hoses in plastic materials for industrial, agricultural, food and civil applications. Founded in 1952, the company has grown to become a reference point in the industry, with production facilities in Italy and an established international presence. Since 2019 it has been part of the German Continental Group, within the ContiTech division, which has further strengthened its innovative capacity and global projection.

Milan, may 12th, 2025 - LawaL Legal & Tax Advisory is pleased to announce the launch of the German Desk, a dedicated and highly specialized team providing legal assistance to clients from German-speaking countries (DACH countries, i.e. Germany, Austria, Switzerland) with interests in Italy and vice versa. LawaL's German Desk is composed of bilingual lawyers with solid international experience, able to offer tailored advice thanks to a deep knowledge of the strategic sectors that fuel trade between German-speaking markets and Italy. The team is led by Partner Marco Pallucchini Wrede, who has more than 25 years of experience assisting German clients, and also includes Partner Roberto Sparano and Of Counsel Ivan Tosco. “With the launch of the German Desk, LAWAL is responding to the growing demand for specialized legal support from clients operating between German-speaking markets and Italy,” said Marco Pallucchini Wrede. “Our experience and network of contacts allow us to offer an integrated service that can address our clients' legal and strategic needs efficiently and with a focus on transnational complexities.” The German Desk provides legal assistance and strategic advice in all areas of the firm's business, serving in particular companies of all sizes, financial institutions, investment funds and entrepreneurs. The team is distinguished by its expertise in the following areas: Commercial and corporate law, with a particular focus on M&A, private equity, joint ventures, investments and divestments. Assistance with commercial contracts, ensuring that agreements comply with local and international regulations. Corporate and commercial disputes, with representation of clients before domestic and foreign courts and arbitration panels. Tax services, designed to meet clients' specific needs in an international context. The team works closely with all departments of the firm, creating an integrated, multidisciplinary strategy that efficiently responds to the legal and strategic challenges of clients operating in global markets. In addition, the German Desk works with a select network of top law and commercial practices  in major cities in Germany, Austria, and Switzerland to ensure optimal legal coverage and advice at the local level. With this new initiative, LawaL Legal & Tax Advisory further strengthens its position as a point of reference for companies and operators operating between German-speaking markets and Italy, providing an experienced, dynamic team ready to support clients in global challenges.

Milan, 5th May, 2025 - Enrico Fossa, Partner of Paroli Fossa and Associates Studio Legale e Tributario, has been appointed Chairman of the Board of Statutory Auditors of Società Sanlorenzo SpA, a “boutique” boating company that has been designing and building custom yachts since 1958. During the Sanlorenzo shareholders' meeting, the lists submitted by Amundi Asset Management SGR, Arca Fondi SGR, AXA Investment Managers Paris, Eurizon Capital SA, Eurizon Capital SGR, Fideuram Asset Management (Ireland), Fideuram Intesa Sanpaolo Private Banking Asset Management SGR, Kairos Partners SGR, Mediolanum Gestione Fondi SGR, and Mediolanum International Funds Limited received approximately 5,143,344 votes for the Board of Directors—over 10% of the votes cast at the meeting, representing about 9% of total voting rights—and approximately 5,278,725 votes for the Board of Statutory Auditors—about 11% of the votes cast, representing over 9% of total voting rights. As a result, Marco Francesco Mazzù was elected to the Board of Directors, while Enrico Fossa was appointed Chairman of the Board of Statutory Auditors, and Maria Cristina Ramenzoni was appointed Alternate Auditor.

Milan, April 15, 2025 - LawaL Legal & Tax Advisory, a law firm active internationally in legal and tax advisory services, has obtained the UNI/PdR 125:2022 Compliance Certification on Gender Equality from the certification body ANCIS Srl - Ante Omnia Veritas. The certificate recognizes the management system adopted by LawaL to ensure gender equity within its work environment, in line with national and European best practices. The certification is valid for all the Firm's operational offices: Milan, Turin and Rome. This important milestone reflects LawaL's structured and measurable commitment to fostering an inclusive, equitable professional environment geared toward valuing diversity, particularly gender diversity, as a key element of organizational culture. The certification was issued as part of the European Union-funded program - NextGenerationEU, supporting companies that adopt organizational models geared toward sustainability and inclusion.  

Milan, February 25, 2024 - Paolo Comuzzi, Partner of LawaL Legal & Tax Advisory, has been confirmed as Chairman of the Board of Statutory Auditors, for the three-year period 2025 - 2027, of Santeria SPA, a company active in the entertainment and organization of cultural events. Santeria founded in 2010 with the aim of promoting culture, education and free artistic expression in all its forms, creating a space within which culture and art are foundational, and not just accessory, elements of a business that offers quality in food and beverage and a renewed and broader approach to the concept of bar and restaurant. The company operates in its locations in Milan (two locations) and Parma where it organizes cultural events and runs a school of artistic production as well as catering activities, and these historic locations are also joined by Santeria Belmare (which runs a bathhouse in an important Versilia location such as Lido di Camaiore).